SCV Business Journal Apr. 2018 by Signal

April 2018 | Vol. 10 | No. 2 | SCVBJ.com

DRIVE THIS WAY? The future is now for autonomous vehicles FOUR QUESTIONS:

Dr. Shervin Sadrpour and AMG & Associates

BYD PUTS A JOLT INTO PUBLIC TRANSIT PG. 16

THE LIST:

SCV Fastest Growing Companies PG. 12

C ONT ENT S COVER STORY

REAL ESTATE DATA

Autonomous Vehicles

Residential & Commercial

NEWS & FEATURES

SCV BUSINESS SERVICES

Ken Keller

CalArts Expo/Tech Awards

Companies

Needham Ranch

14 SCVEDC

The List: SCV Fastest Growing

16 BYD

27 VIA

Women in Business Awards

SCV Chamber of Commerce

FOUR QUESTIONS

SCV BUSINESS VOICES

Dr. Shervin Sadrpour

Patrick Moody: Henry Mayo

AMG & Associates

Marianne Cederlind: Mission Valley Bank

Cecilie E. Read: Poole & Shaffery

Holly Schroeder: SCVEDC

SIGNAL DIGITAL SOLUTIONS 30

Kris Kehl, Augusta Financial

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APRIL 2018

SANTA CLARITA VALLEY BUSINESS JOURNAL

April 2018 | Vol. 10 | No. 2 | SCVBJ.com

EDITORIAL

EXECUTIVE STAFF

EDITOR Steve Kiggins skiggins@signalscv.com 661-287-5509

PUBLISHER Jason Schaff jason@signalscv.com 661-287-5515

ADVERTISING

ART/PRODUCTION

MULTIMEDIA ACCOUNT EXECUTIVES Maureen Daniels, Toni Sims, Michael Madigan, Peter Smith

PHOTOGRAPHERS Nikolas Samuels, Joshua Fleck

ADMINISTRATIVE ASSISTANT Courtney Briley

GRAPHIC DESIGNER Joshua Fleck

ADVERTISERS INDEX

PROUDLY PRESENTS

SANTA CLARITA VALLEY

TECHNOLOGY AWARDS Go to SCVBJ.COM/EVENTS to nominate the person or business that exemplifies the best in Technology

NOMINATION CATEGORIES

A1 Party, American Family Funding, Andy Gump, Audiology Associates, Chase Commercial Banking, College of the Canyons, Fast Frame, Henry Mayo Newhall Tech Company of the Year CEO of the Year Hospital, J&M Events, Kanowsky & Associates, LBW Insurance, Mission Valley High-tech tools for personalized care Bank, Newhall Mansion, Poole & Shaffery, R&R Awards, Roger Doumanian, Excellence in Engineering On the Cutting Edge The new facility will bring skilled SCVEDC, Saenger & Associates, Security Pacific Roofing Company, SportClips, Video and phone appointments Excellence in Creativitysurgical teams and Visionary Excellence specialty The Strategy Partners, Thrivent Financial, Valencia Country Club, William S. Hart Sick at home? Can’t find a babysitter? Phone or video home for Excellence in Innovationservices closer toTechie of the Year Union High School District & Wolf Creekvisits Brewery. are easy ways to connect with your doctor — members in the Santa Clarita whenever life happens. A Proud publication of

NOMINEES TO DATE

community. The facility will offer Easy check-in options a lab, pharmacy, and urgent care. Use your mobile device to check in the day before your Please note that all specialties SCORPION INTERNETlisted MARKETING CITYYouOFcan SANTA appointment. Or check in when you arrive. use CLARITA below are offered by referral only. the self-serve kiosk, or a team member will greet you SCV EDC CALIFORNIA INSTITUTE OF at the front door and check you in via tablet.

Cardiology THE ARTS SIX FLAGS MAGIC MOUNTAIN Endocrinology SANTA CLARITA STUDIOS FIVE POINT Permanente For years, I’ve been wondering how I would go aboutKaiser teaching my only doctors, daugh- nurses, and specialists General surgery are connected to you — and each other — by your PROVIDENCE /FACEY Head and neck surgeryITT ter, Taidyn, how to drive. electronic health record. This allows them to have Now I’m wondering if she’ll even need to learn. STRATASYS KAISER PERMANENTE real-time digital consultations with other caregivers, Hematology/oncology and The timeline for fully driverless vehicles is advancing inand a hurry, a significant point get you answers faster. chemotherapy infusion center WAYFORWARD HENRY MAYO NEWHALL HOSPITAL of emphasis during Dr. Mark Schniepp’s keynote presentation at the SCVEDC’s anExam predicted room innovations US HEALTH WORKS Imaging/radiologyMTS HEALTH nual Economic Outlook last month at TPC Valencia. Schniepp a series of Infectious disease Flat-screen will make it easy for doctors to potentially damaging impacts on both the business sector, singlingmonitors out insurance GAMMA ALLOYS TECHNOLOGIES review your health information with youVALENCIA during your Infusion center and wound clinic companies and auto dealerships, and city and state governments that collect milvisit. There’s even seating in the exam room for your MEDICAL SETPOINT DEL WEST ENGINEERING Nephrology lions annually from traffic-related fines and citations. (Pages family28-29) members. Neurology NTS ALFRED MANN FOUNDATION In February, California approved rules to allow autonomous vehicles to begin testing on all statewide public roads, beginningCreating April 2. Theastate’s first driverless QUEST DIAGNOSTICS Ophthalmology SAMSUNG comfortable visit bus is already on the road in a 585-acre office park near San Ramon. Orthopedics/podiatry The facility will also feature: H2SCAN Q2 If projections of AVs beginning to rule the roads by 2020 come true, today’s Pain management Lots of large windows for natural light TROLL SYSTEMS BOSTON SCIENTIFIC teenagers just may be the last generation of drivers. Taidyn is 12. Physical medicine An outdoor walking path Also in this month’s issue: ADVANCED TECHNOLOGY Pulmonology SWIHART STUDIOS Community tables with preloaded tablets -We take a tour of the nearly 450,000-square-foot BYD Coach & Bus facility in MACHINING Rheumatology TECHNIFEX that you can browse Lancaster, where zero-emission, all-electric buses are being pushed outfor thehealth doortips every week.facility manente ENGINEERING & Urology CLEARLY ILLUSIONAL The new location will be open to the public forBAYLESS wellness fairs, -We meet two of the Santa Clarita Valley’s most accomplished general confitness classes,* cooking demonstrations, and manyMANUFACTURING activities to TECHNICAL MANUFACTURING benefit To learn Clarita tractors, Albert Giacomazzi and Tony Traverso, plus weyour ask community. four questions of Dr.more about Kaiser Permanente, WEST AMS FULFILLMENT *Some classes may require a fee. visit kp.org/santaclarita. Shervin Sadrpour, one of the newest specialists at Henry Mayo Newhall Hospital. WORKSAFE TECHNOLOGIES STATUS NOT QUO -We look ahead to the SCVBJ’s next awards program, a May 3 celebration of

FROM THE EDITOR Coordinated care teams

excellence in technology that will run in conjunction with CalArts’ annual student expo. new facility will bring skilled surgical All of that, and more. Happy reading! care to members of the community.

ce, Santa Clarita Medical Offices 2

Kaiser Permanente’s Steve Kigginsexisting location SCVBJ Editor rovide primary and specialty care. Santa Clarita Valley Business Journal (a Signal publication), © 2018, is published monthly by the Santa Clarita Valley Signal newspaper, Paladin Multi-Media Group, Inc., 26330 Diamond Place, Santa Clarita, CA 91350. The SCV Business Journal is intended to provide business executives with a cross-section of industry news and information, trends and statistics that impact our growing community. Information gathered in the pages of the SCV Business Journal has been collected from what are considered reliable sources, and is believed to be accurate, but cannot be guaranteed. Articles may not be reprinted without publisher’s written permission. For reprint requests, please call 661-259-1234.

Thursday May 3, 2018 | 5:30-7:00 | CalArts Campus REGISTER AT SCVBJ.COM/EVENTS SPONSORED BY

6 FOUR QUESTIONS

APRIL 2018

DR. SHERVIN SADRPOUR Medical Director of Electrophysiology Services, Henry Mayo Newhall Hospital A newcomer to the Santa Clarita Valley medical community, Dr. Shervin Sadrpour is a renowned specialist in the cutting-edge science of diagnosing and treating the electrical activities of the heart.

www.henrymayo.com | 661-259-1534 It would be impossible to carry on this conversation without first addressing the big question: What is cardiac electrophysiology? Cardiac electrophysiology is a specialty of cardiovascular medicine that studies the electrical system of the heart and disease states related to its malfunction. Electrical system of the heart controls the mechanical function of the heart. It acts like the brain of the heart, regulates the heart and sets its rhythm. Your recent arrival in the Santa Clarita Valley has enabled Henry Mayo Newhall Hospital to become one of the region’s few providers of this subdiscipline of cardiology. We’re grateful you’re here. How did you find us, and what were your motivating factors in deciding to join our community? We wanted to move to Southern California to be closer to family and when I was introduced to the opportunity at Henry Mayo Newhall Hospital and Cardiovascular Consultant Medical Group, it was hard to pass. This is a populous area where cardiac rhythm management needs have been underserved for a long time and for various reasons. … I welcome the challenge of developing the new program and find the opportunity to have an impact on the community rewarding. How complex are the heart’s electrical activities, and how can cardiac electrophysiology be used to help improve a patient’s life? While some of the principles of cardiac electrophysiology are simple, the anatomy and function of electrical system of the heart is extremely intricate. … Heart rhythm abnormalities can cause a wide range of signs and symptoms and may result in palpitation, dizziness, fatigue, shortness of breath, stroke, syncope or even sudden death. We improve the electrical activity of the heart by implanting devices in the body that help regulate the heart or by eliminating faulty tissues that cause the abnormalities. Commonly, the source of abnormal function is located very close to vitally important normal structures, making the procedures challenging. We use different techniques and advanced technologies to navigate our way through the heart structure and achieve accurate targeting with safety and efficacy. In looking to the future, what’s your vision for cardiac electrophysiology treatment at Henry Mayo and how can this level of service help the hospital grow in its mission to best serve the SCV? Heart rhythm abnormalities are very common and can be debilitating or life threatening. We hope to help people who suffer from rhythm abnormalities to live better and longer. We are on our way to building a great program. Clinical and administrative staff in hospital, physicians, and myself aspire to provide world-class care to the people of Santa Clarita Valley. We feel honored and blessed to have the opportunity to do so. We hope that patients who live in this area come to us for their heart rhythm problems because of the quality of care that we provide and not just for the convenience.  Steve Kiggins SCVBJ Editor skiggins@signalscv.com

■ Photo by Joshua Fleck/SCVBJ

SCV BUSINESS VOICES

APRIL 2018

SANTA CLARITA VALLEY BUSINESS JOURNAL

THE BENEFITS OF BREAKFAST PATRICK MOODY

Henry Mayo Newhall Hospital

A healthy breakfast can give you the energy you need to be at your best. You don't have to start every morning with the breakfast of champions. A balanced meal at the beginning of your day can make a difference in your health and well-being.

WHY BREAKFAST?

Breakfast is literally a break in fasting since you last ate before bedtime. When you wake, you need food to reload your body's supply of glucose—or blood sugar—that provides energy. Benefits of eating breakfast include increased strength and endurance, and improved concentration and problem-solving ability. The morning meal is especially important for kids and teens. Kids who eat breakfast have better school attendance, are late for school less often, have improved muscle coordination and are less likely to be overweight.

MAKING THE RIGHT CHOICES

There's no set menu for a good breakfast. But there are some guidelines to make sure your morning meal is healthy and balanced: Go easy on sugar. Sugar adds calories but offers few, if any, nutrients. So skip the doughnuts and other pastries. Power up with protein. Protein can help you stay strong and focused throughout the morning. Good sources of protein include eggs, low-fat yogurt and peanut butter. Include whole grains. Whole grains are packed with fiber and nutrients. They also tend to be digested slowly, so they provide long-lasting energy. Add fruits and veggies. Try fresh, seasonal fruit. You can

Greg - Business Journals 4STARS.indd 1

even include chopped veggies in an omelet.

MAKE TIME FOR BREAKFAST

There are ways you can make time to eat and still get everyone off to school and work on schedule. Try getting your breakfast ingredients ready the night before and keep it

simple. If you don't have time at home, take breakfast with you. Low-fat yogurt, bananas, oranges and juice containers are all portable, healthy breakfasts. By making time and smart breakfast choices, you can start your morning on the right foot and look forward to a productive day of work, school or play! For more tips on health and

3/13/18 11:45 AM

nutrition, visit Henry Mayo Fitness and Health at 24525 Town Center Dr. in Valencia. The facility offers FREE community education classes on mindful eating and nutrition for endurance. Go online to henrymayo. com/catalog for a full class listing.

Patrick Moody is director of marketing and public relations at Henry Mayo Newhall Hospital. 

SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018

HOW MANY EMPLOYEES HAVE YOU COACHED THIS WEEK?

n last month’s issue, I addressed the issue of retaining your top performers in a tight job market. This month I am focusing on a tool that is cutting edge and is also old school: coaching your employees for retention, better individual performance and stronger company results. Many CEOs believe that if they are paying someone a salary, they shouldn’t have to coach that person. I’ve heard too many business leaders say words to this effect: “For the amount of money I am paying that employee, he or she should already know exactly what to do. If I have to tell them what to do, I probably hired the wrong person.” My response is that these CEOs are living in Fantasy Land to actually think that when a certain pay grade is reached, an employee is expected to have the ability to read minds. A local CEO, a client of mine, hired a new sales manager and within three months, the employee was terminated for violating a core company value. The employee did something that was an unpardonable sin, and he was fired for it. That the employee had no clue, inkling or idea of the company value was apparently no excuse for violating it. One strike and you’re out. The CEO had failed to teach, indoctrinate or coach the new employee on what the core values of the company were. The CEO incorrectly believed the new employee knew what to do and how to do it. How could this sad situation have been avoided? In a word: coaching. What is coaching? It is teaching your employees the results you expect, how you want the work performed and when you want things completed. Coaching is closing the gap between where the

KEN KELLER SCVBJ Contributer

employee is in terms of capabilities and current result and the level you want them to perform at and the results you want them to achieve. Coaching employees makes them better in their current or a future assignment. Your investment of time now will maximize the potential of the individual as a sole contributor and as a leader in your company. Your demonstration of the importance of the employee by spending time addresses a large need seldom that is spoken about by employees: recognition. The process of coaching is taking the raw ingredients that someone possesses and molding them to be a stronger, higher performing contributor to your company. Coaching usually takes place in one of six scenarios. First, as described above, when there is a new hire from the outside. The second is when a strong performer is being considered with an eye to being promoted to new role with additional responsibilities, a new authority level and will be facing new challenges. Third, when a former top performer has become an under-performer and the desire exists to the individual around. The fourth is when there is a “C” or “B” player with the talent and abilities to move up, making a greater contribution to the company along the way. Fifth, when the need exists to retain a good, perhaps even very good employee but there are no current promotional opportunities available. The final scenario is when a “C” or “D” player is given one final opportunity to improve through coaching before being terminated. In each of these situations, some essential ingredients are necessary for a successful outcome.

First, the person being coached must be willing to make a commitment to grow and to change. This comes with the understanding that the desired outcome is to make them a better employee. Second, there must be a commitment to more than just the time for coaching. As Olympic Gold Medal winner John Naber says, “No deposit, no return.” If the investment is not made on both sides in time, energy, and effort, the results won’t materialize. Third, both parties must be clear about the desired results. I’ll never forget a former boss saying to me, “This is what I want you to be doing, and taking ownership of, by this date.” I was blown away by the leap in responsibilities and authority he was offering me. I responded by saying “I don’t know how to do half of that stuff.” He replied, “I’ll walk you through it, for as long as it takes.” The last point I want to make on this topic is to address the issue I am sure that many CEOs have, which is a lack of time. These leaders swear they don’t have time to coach their employees, the ones that run their business when the CEO is out of the office. My philosophy is “you invest now or will you pay much more later.” The choice is yours, but don’t make needless, costly mistakes that could have been avoided with a small investment of your time in coaching your employees. Ken Keller is an executive coach who works with small and midsize B2B company owners, CEOs and entrepreneurs. He facilitates formal top executive peer groups for business expansion, including revenue growth, improved internal efficiencies and greater profitability. Email: Ken. Keller@strategicadvisoryboards.com. Keller’s column reflects his own views and not necessarily those of the SCVBJ. 

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APRIL 2018

SANTA CLARITA VALLEY BUSINESS JOURNAL

SEISMIC RETROFITTING: THE CLOCK IS TICKING MARIANNE CEDERLIND Mission Valley Bank

What happens in Los Angeles often impacts surrounding communities. Specifically, the earthquake safety laws signed in October 2015 by Los Angeles Mayor Eric Garcetti are considered to be the toughest in the nation. It requires that the owners of an estimated 15,000 buildings most at risk of collapse during a major quake make the structures stronger. The affected properties include non-ductile concrete buildings (not including detached single-family homes or duplexes built before 1977) and wood-frame apartment complexes built on top of carports. Property owners will have seven years to fix wood apartments and 25 years to fix concrete buildings under the new ordinance. Considering Los Angeles sits in the heart of California earthquake country, the ordinance ends years of debate on whether Los Angeles should force building owners to retrofit structures that could fail. Other cities could follow in Los Angeles’ footsteps. The two most dangerous types of buildings targeted in the ordinance are brittle concrete buildings and wood apartment complexes with weak (also referred to as soft) first stories The issue is not only injury, loss of life and property, but the economic impact caused by the collapse of residential and commercial sectors that could take years or even decades to recover. The retrofit program officially kicked off in mid-2016 when the city began a tiered mailing program with dates determined by the type of affected building. Landlords were given two years from the date of the order received to submit proof of a previous retrofit, proof that a retrofit is unnecessary or plans

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to either retrofit or demolish the structure. Building owners required to retrofit are running out of time. With mandatory retrofitting, the required seismic upgrades will be costly. It is estimated that wood apartment retrofits would cost $60,000-$130,000, while taller concrete buildings could cost millions of dollars to strengthen. Earle Wasserman, chairman

of the board for Mission Valley Bancorp, is also a past president of the Apartment Association Greater Los Angeles. Through Wasserman’s leadership and industry insight, Mission Valley Bank has created financing programs that provide the necessary funds for property owners to get the job done. Specialized lending makes it possible for qualified businesses to get the financing they

need, often times with much more flexible terms than more conventional loan options. For all types of commercial financing – retrofitting, refinancing or new purchases – consult with a trusted advisor banking professional to determine next steps. Marianne Cederlind is executive vice president and chief business banker of Mission Valley Bank. She can be reached at (818) 394-2300. 

SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018

SCVBJ TECH AWARDS JOIN CALARTS EXPO BY STEVE KIGGINS

SCVBJ Editor he Santa Clarita Valley will come together on May 3 to celebrate innovation, invention and technological excellence. Where else but on the campus of the California Institute of the Arts. The Santa Clarita Valley Business Journal’s first-ever Technology Awards will be staged on the same day as the private university’s annual student showcase, providing a unique opportunity for the valley’s most imaginative minds to further explore the limits of their creativity. The CalArts Expo, which began seven years ago as what Ajay Kapur called a “renegade show” in one of the school’s hallways with about 30 or 40 students, has quickly become a vital piece of the institute’s DNA. This year’s event will include nearly one-third of CalArts’ 1,500 students, plus a keynote speaker for the first time. “CalArts is so powerful. We’re so good at film. We’re so good at music. We’re so good at music. And theatre. And design,” said Kapur, the school’s associate dean for research and development in digital arts and one of two directors for the annual Expo. “What we wanted to do was make a day to celebrate innovation across all of those disciplines. That’s what the Expo is all about.” The Expo will feature a variety of exhibitions, performances and panel discussions from 2 p.m. to 2 a.m. – highlighted by the return of an Emmy and Annie Award-winning graduate to the school’s campus. Animator, writer and director Jorge Gutierrez will deliver the Expo’s key-

IF YOU GO WHAT: The 2018 California Institute of the Arts Expo and SCVBJ Technology Awards. WHEN: Thursday, May 3. The CalArts Expo will be from 2 p.m.-2 a.m. The SCVBJ Technology Awards will be from 5:30-7 p.m. WHERE: CalArts (Lund Theater), 24700 McBean Pkwy., Valencia. ON THE WEB: CalArts Expo – art.calarts.edu/events/2018-calarts-expo; SCVBJ Technology Awards – scvbj.com/technology-may-2018/.

note address at 8:30 p.m. inside the Sharon Disney Lund Dance Theater. In addition to bringing to life the award-winning television series “El Tigre” and Nickelodeon’s “The Adventures of Manny Rivera,” Gutierrez directed “The Book of Life,” a 2015 Golden Globe nominee for Best Animated Feature Film. This year’s Expo has a record 10 sponsors, including a pair of Google divisions, ATAP and Magenta. The other sponsors are Ableton, City of Santa Clarita, Lockton, Henry Mayo Newhall Hospital, Kadenze, Output, Tech MD and wHY. The addition of the Business Journal’s 5:30 p.m. event, sponsored by the Santa Clarita Valley Economic Development Corporation, CalArts and SOS Entertainment, will further illustrate the SCV’s emerging brilliance in technology. The SCVBJ will present eight awards, including Tech Company and CEO of the Year as well as honors for excellence in engineering, creativity and innovation. “The Santa Clarita Valley is developing quickly as a technology hub, so it’s natural that the Business Journal highlights the companies and the people that are driving this,” SCVBJ Publisher Jason Schaff said. “We value our partnership with the EDC and CalArts in producing this event. They both are big promoters of this sector.” The Business Journal’s first 2018 awards program, in honor of the SCV’s top women business leaders, attracted about 125 guests to the Valencia Country Club in February. The honorees included Dr. Dianne Van Hook, Cheri Fleming, Marlee Lauffer, Mitzi Like and Tania Mulry, plus 20 more of the area’s most influential female professionals.

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SANTA CLARITA VALLEY BUSINESS JOURNAL SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018

11 11

NEW EMPLOYMENT POSTERS REQUIRED TO BE POSTED IN YOUR BUSINESS CECILIE E. READ

P R O F E S S I O NA L R E L AT I O N S H I P S

Poole & Shaffery, LLP

On Feb. 20, Brian Koegle and David Poole of Poole & Shaffery, LLP, presented their annual Employment Law Update to the Valley Industry Association of Santa Clarita. With the landscape of California business constantly in a state of flux, the one-hour presentation provided a “30,000-foot perspective” on some of the larger issues facing employers. Among the topics were the updated notice requirements for California employers. The standard postings that most employers purchase do not include two critical notifications required under new California laws. The first posting pertains to the Prevention of Human Trafficking and is required pursuant to Senate Bill (SB) 1193. An employer who fails to display this required poster is liable for a civil penalty of $500 for the first offense and $1,000 for each subsequent offense. Similarly, all employers are required to display a poster regarding Transgender Rights pursuant to SB396. Failure to display the Transgender Rights poster can lead to action by the Department of Fair Employment and Housing, including obtaining a court order requiring compliance. To aid employers in complying with the ever-changing posting requirements, Mr. Koegle and Mr. Poole provided copies of the required posters at the presentation. The posters are also available on Poole & Shaffery’s website at www. pooleshaffery.com/scv-bj. The presentation also discussed the importance of harassment prevention compliance, which has become a hot topic in light of the recent #metoo and “Time’s Up” movements. California law requires employers of 50 or more employees to provide harassment prevention training to all

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supervisory employees every two years. All employers in California also have an affirmative duty under the Fair Employment and Housing Act (FEHA) to take all reasonable steps to prevent harassment, discrimination and/or retaliation in the workplace, which would include providing such preventative training sessions. Poole & Shaffery provides on-site harassment prevention

trainings that comply with both AB1825 (Training for Supervisors/Managers) and AB2053 (Training regarding abusive conduct). These trainings are entertaining and informative and cover: • What qualifies as harassment in the workplace; • The scope of liability for employers and employees alike; • Strategies to prevent harassment from occurring or recur-

ring; and, • Best practices in workplace investigations. For further information about the training sessions, call 661290-2991. If you missed the live presentation, the entire video is at https://tinyurl.com/y9gxktve. Cecilie E. Read is Counsel in the labor and employment practice group at Poole & Shaffery, LLP. 

SANTA CLARITA VALLEY BUSINESS JOURNAL

THE LIST COMPANY

APRIL 2018

Inc. Magazine's 5000 Fastest Growing Companies LOCATION

GROWTH REVENUE

INDUSTRY

LOCAL TOP EXECUTIVE

# OF EMPLOYEES

Hardcore Fitness Boot Camp

20715 Centre Pointe Pkwy b, Santa Clarita, CA 91350 1-800-910-2486

760.30% $3.1m

Health

Manelle Hassouneh, Mgr.

Scorpion Internet Marketing

27750 Entertainment Drive, Valencia, CA 91355 866-622-5648

374.52% $123.6m

Advertising & Marketing

Rustin Kretz, CEO

350

KRG Technologies

25000 Avenue Stanford, Valencia, CA 91355 661-257-9967

274.26% $68.4m

IT Services

Muthuramalingam Umapathi

150

TSI Tri Source International

25000 Avenue Stanford #248, Valencia, CA 91355 866-314-9090

171.57% $2.5m

Business Products and Services

Matt Reeser, CEO

AMG & Associates

28296 Constellation Rd, Valencia, CA 91355 661-251-7401

103.98% $45.4m

Construction

Albert Giacomazzi, President

Status Not Quo

26336 Citrus Street Valencia, CA 91355 888-767-0767

94.73% $3.1m

Software

Scott Capistrano, President

Med Tech Solutions

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SCV BUSINESS VOICES

APRIL 2018

SANTA CLARITA VALLEY BUSINESS JOURNAL

WHY THE SCVEDC RELIES ON JOB CLUSTERING HOLLY SCHROEDER

Santa Clarita Valley Economic Development Corporation

The SCVEDC employs a cluster-based job creation and retention strategy. This “clustering” of businesses improves job creation by fueling proximity and competition in the local economy. Close proximity of interconnected businesses can create a highly-skilled and versatile workforce due to employee transfers from one segment of the industry to another, and increased competition within the cluster can encourage the right environment for continuous improvement and rampant innovation. The SCVEDC targets the following clusters: ADVANCED MANUFACTURING The Santa Clarita Valley is home to businesses involved in the production of goods that require advanced inputs and manufacturing processes. The outputs produced by firms such as Stratasys Direct Manufacturing and Honda Performance Development are diverse and range from 3D printing technology to engines and industrial machinery. AEROSPACE & DEFENSE The Aerospace & Defense industry is focused on parts manufacturing, space research and national security/international affairs. Businesses are supported by COC’s Center for Applied Competitive Technologies, which has placed students at companies including Woodward and Aerospace Dynamics International. MEDICAL DEVICES The SCV enjoys a reputation as a national leader in the discovery and engineering of noteworthy advancements in the medical device field and is headquarters of cutting-edge companies including Boston Scientific and Advanced Bionics. DIGITAL MEDIA & ENTERTAINMENT The SCV hosts production companies, studios and movie ranches for filming dozens of commercials, television shows

BUSINESS ASSISTANCE Your Santa Clarita Valley Business Advantage ONE-STOP RESOURCE CENTER The Santa Clarita Valley Economic Development Corporation is your single point of contact for all your business needs. From access to tax incentives to workforce training at low or no cost, from expediting business issues resolution to managing local business coalitions, SCVEDC connects your company to the right resources, and provides the solutions to keep your business thriving.

80% of job growth comes from the expansion of existing businesses. We’re here to help you grow! Our first visit to SCVEDC was the real reason we moved here. They are always looking after our best interest.

SCVEDC’s assistance with expediting the development process enabled us to hit our very aggressive construction schedule.

- Melissa Ramirez, Airbolt Industries

- Matthew Shepherd, Scorpion

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and feature films, representing hundreds of shooting days each year. Our community of artists and technicians is supported by the world’s premier academic institutions for the arts, CalArts. INFORMATION TECHNOLOGY The rapidly evolving landscape of IT requires firms to engage in new software publishing techniques, telecommunications, data processing and cloud design. The SCV is becoming the “silicon suburb”

scvedc@scvedc.org

as technology companies, such as Scorpion and WayForward, realize the cost and quality of life benefits of being located here. HEADQUARTERS & PROFESSIONAL SERVICES The highly educated population and great quality of life makes this an appealing location for corporate headquarters and the professional service firms that assist all our businesses. The SCV has long been

661.288.4400

home to the headquarters of Princess Cruises and will be joined in 2019 by Logix Federal Credit Union. The region continues to augment its changing status from bedroom community to jobs center, and the SCVEDC emphasizes growth in its target business clusters to ensure a strong and diverse economy. Holly Schroeder is president and CEO of the SCVEDC. 

Economic Development Corporation 14

Santa Clarita Valley

SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018 Content provided by

26455 Rockwell Canyon Road | UCEN 263 | Santa Clarita, CA 91355 | (661) 288-4400 | www.scvedc.org

SCVEDC focuses on cluster-based economic development:

The outlook for continued job growth in these sectors is strong. California Economic Forecast predicts that SCV will outpace LA County in jobs growth for the next several years.

Total employment in the SCV increased 1.9 percent in 2017, resulting in more than 1.700 new jobs in the region. Construction is surging but other sectors, including manufacturing, retail trade, leisure and recreation, and professional services are strong. Employment has been growing in the SCV

Based on this job growth, the SCV continues to evolve from its history as a bedroom community to a jobs center for Los Angeles County.

for several years.

Econo Watch Santa Clarita Valley

Q4 ’17

Q3 ’17

Q4 ’17 Sq Ft

Commercial Vacancy Rates Office Space

9.70%

462,278

Industrial Space

4.90%

5.30%

998,609

Retail Space

4.00%

4.10%

489,767

Total Marked Sq. Ft. Vacancy Percentage

1,950,654

Office Space - as a % of Vacancy

23.70%

23.73%

N/A

Industrial Space - as a % of Vacancy

51.19%

51.61%

N/A

Retail Space - as a % of Vacancy

25.11%

24.66%

N/A

Building Permits

Feb ‘18

Jan ‘18

Jan ’17

New Commercial/Industrial Building Permits

Commercial Tenant Improvements

Local Company Stock Prices Bank of Santa Clarita (BSCA) California Resources Corp Carnival Corp. (CCL) Mission Valley Bank (MVLY) Six Flags (SIX) Woodward (WWD) Lennar (LEN)

Feb ‘18 19.6 14.11 66.91 15.4 64.09 70.83 56.58

Jan ’18 20.5 21.13 71.61 14.45 67.56 77.52 62.66

% Change -4.39% -33.22% -6.56% 6.57% -5.14% -8.63% -9.70%

Unemployment Rates Santa Clarita Palmdale Lancaster Glendale LA County California

Jan ‘18 Dec ‘17 % Change 4.3% 3.8% 13.16% 6.3% 5.6% 12.50% 5.2% 4.7% 10.64% 4.9% 4.0% 22.50% 4.7% 4.2% 11.90% 4.4% 4.5% -2.22% Source: Santa Clarita Valley Economic Development Corporation

APRIL 2018

SANTA CLARITA VALLEY BUSINESS JOURNAL

NEEDHAM RANCH DEVELOPERS PROMISE SCV’S ‘BEST’ BY STEVE KIGGINS SCVBJ Editor

he developers of The Center at Needham Ranch haven’t asked for an asterisk. But to hear them describe the 135-acre master planned business park that’s beginning to take shape adjacent to Highway 14 about a mile north of Interstate 5, Needham Ranch will deserve distinction. “These will be the best (industrial) buildings built in this market,” promised John Balestra, senior vice president of Trammell Crow Company, the project’s developer. In the first public update since tractors began pushing dirt – and crews are moving some 4mm cubic yards of earth during the first phase alone – Needham Park officials detailed the project’s timeline and touted its proximity to the San Fernando Valley, Los Angeles and the Antelope Valley during the Valley Industry Association’s monthly luncheon on March 20. Vertical construction at the site is scheduled to begin in April or May, with the project’s first phase forecast for completion in the fourth quarter of this year. The initial buildout will include seven buildings, ranging in size from 40,000 to 210,000 square feet. The full project is approved for up to 4.3 million square feet of industrial, office, and research and development facilities across 54 acres. While Balestra and Craig Peters, executive vice president for CBRE who will work as the project’s leasing agent, outlined Needham Ranch’s future,

William S. Hart Union High School District

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they also reflected on the past. “The first three times I took this project to Trammell Crow, they said ‘No,’” Peters told the VIA lunch crowd, adding that for years he faced questions about potential development at the site. “Somebody would pull me aside and say, ‘When is Needham Ranch starting?’ Well, we’re starting now.” VIA President and CEO Kathy Norris remembered that she heard about the Needham Ranch project for the first time during her second board meeting – some 20-plus years ago. “This has been a long time coming and we’re happy to be underway,” Balestra said. With convenient access to six major freeways and approximately 5.3 million people within a 30-minute commute, according to promotional materials, Needham Ranch developers believe the industrial park is poised to set a new standard with a variety of state-of-the-art features including greater clearance heights and cutting-edge architectural design. The project’s target clusters align with those of the Santa Clarita Valley Economic Development Corporation: Aerospace & Defense, Medical Devices, Advanced Manufacturing, Digital Media and Entertainment, and Information Technology. There is already a “substantial list of potential occupiers,” Balestra said, adding that the beginning of vertical construction would be necessary to help those would-be tenants “envision” a future in the business park. “We’re going to have the best-in-class, highest quality buildings. We’re looking for best-in-class occupiers,” Balestra emphasized. 

CONGRATULATIONS TO ALL NOMINEES & HONOREES LIFETIME ACHIEVEMENT AWARD Dr. Dianne Van Hook SMALL BUSINESS AWARDS Kim Kurowski, Patrice Rifkind, Teresa Todd

MENTOR AWARDS Sue Reynolds Buckley, Cheri Fleming, Kathy Norris

ENTREPRENEUR AWARDS Tania Mulry, Denise Redmond, Lindsay Schlick

COMMUNITY INVOLVEMENT Ingrid Blanco, Pam Ingram, Rhona Jukes

RISING STARS Kyanna Isaacson, Maggie-Mae Laufman, Melanie Meyer BUSINESS OWNERS OF THE YEAR Jeanna Crawford, Mitzi Like, Laina McFerren

NON-PROFIT LEADERS Amy Daniels, Tami Edwards, Marlee Lauffer CEOs OF THE YEAR Nancy Gump, Tamara Gurney, Holly Schroeder

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SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018

CHARGED

BYD IS PUTTING A JOLT INTO PUBLIC TRANSIT – AND THE ANTELOPE VALLEY’S ECONOMY BY STEVE KIGGINS SCVBJ Editor

black Hyundai makes a left turn off aptly named BYD Boulevard into the parking lot. A blue car follows a few moments later. Then a truck. The vehicles all move slowly through the lot, each driver searching for an empty piece of black asphalt between two white stripes. It’s 15 minutes to 9 on a March morning in California’s high desert, the sun that shines high above in a nearly cloudless sky is still mustering its strength for the day, and yet the parking lot is already full at BYD Coach & Bus. It’s an everyday occurrence. “The first day they built this, I was so happy because I didn’t have to park out there,” BYD Project Manager Jason Yan says, motioning his left hand beyond the expansive parking lot. He sighs and adds, “Right now, I have to do it again.” The hundreds of designated parking places simply aren’t enough anymore. With an increased demand for its zeroemission, all-electric vehicles – primarily transit buses built in four sizes from 30 to 60 feet – BYD is regularly adding employees to keep pace at a manufacturing facility that continues to expand deeper into the surrounding western Mojave Desert. The local workforce has swelled to more than 700 employees, a key factor in eliminating nearly all of the 10.9-percent unemployment rate that saddled Lancaster ahead of BYD’s 2014 opening, and, at full build-out, the company’s projections call for nearly 1,200 jobs. Following a massive expansion last year that tripled the working space at the Lancaster plant to about 450,000 square feet, providing the capacity to build up to 1,500 buses each year, BYD is preparing to add another 100,000 square feet of warehouse space this year.

■ Source: BYD

“When I started at BYD 3 ½ years ago, there was maybe one in a hundred transit properties that were interested in talking to you about electric buses. You’re knocking on a door, trying to talk them into it, sell them on it,” BYD Senior Vice President Macy Neshati says. “And, now, virtually every single transit property in the nation is looking at it in one form or another – either making a headlong dive it into or at least doing a five- or 10-bus foray into it.” The world’s largest manufacturer of electric vehicles, BYD has nearly 40,000 electric buses in services around the world – a number that will, by year’s end, grow to include the entire fleet of the Antelope Valley Transit Authority (AVTA). That’s not all: BYD continues to pioneer in electrified transportation, including automobiles, medium- and heavy-duty trucks, forklifts, even SkyRail. The opening day of BYD’s SkyRail service in China last September lured about 40,000 people to Flower Expo Park in Yinchuan, and construction of lines to accommodate the monorail-style transportation is underway now in 20 Chinese cities. Closer to home, BYD’s Lancaster facility will play a leading role in the company’s ongoing efforts to revolutionize transit with a convoy of battery-electric buses capable of traveling up to 275 miles on a single charge. “Our focus here in the City of Lancaster is to always facilitate the growth of our local economy and job market via a foundation of sustainable employment that can create legacy and longevity for our residents,” Lancaster Mayor R. Rex Parris says. “We strive to attract businesses and industries which offer careers that truly support the needs and desires of our local families. “BYD has been exemplary in not only providing stable jobs with future growth and development opportunities but also a work environment which is challenging, ever expanding, and reflective of organizational stewardship,” he says. “In addition, BYD’s corporate citizenship promotes and

APRIL 2018

nurtures an inspiring level of morale, which is sure to retain and grow its employee base for years to come.” -he oversized piece of white paper in Kelly Meier’s hands is today’s roadmap. It’s color-coded, with yellow and blue, purple and orange, each shade representing one of the many jobs simultaneously in progress at the bustling motor factory. There’s a new production schedule every week. With some 400 buses waiting on order, there will be for the foreseeable future. As he walks the floor this morning, Meier points out buses being built for UC Irvine and Stanford. There are buses in various stages of completion for the Chattanooga Area Regional Transportation Authority in Tennessee, for the international airports in Atlanta and Indianapolis, for Albuquerque Rapid Transit in New Mexico. What, you’re not just building buses for the AVTA in here? “No, no,” Meier says with a smirk, acknowledging the all-too-common local misperception. The step-by-step process of building a BYD bus can span 60 to 90 days – depending on the size – and involves new employees at every stage as the steel chassis is first enclosed by aluminum siding and roofing and then outfitted with wheel wells, fiberglass windows and a composite subfloor, fully painted, and equipped with high- and low-voltage electronics before heading to the final assembly line. “The job is relatively easy,” says Yan, the project manager. “But there’s a lot to do.” In the final stages of production, BYD workers add flooring, doors, lights, seating, grab handles and more – all of what Yan calls the “cosmetic” elements needed to transform each bus from being drivable to truly being functionable. As he leads the way to BYD’s testing line, Yan gets sidetracked by one of the plant’s more unique current projects, a 30-foot bus being customized for sightseers in one of the Golden State’s most delightful ocean cities. This bus, unlike any of the 60 or 65 others also being built right now, includes bench seating – in the beachy colors of tan and blue – to accommodate more passengers than the usual transit bus. “Santa Barbara is going to use this as a tour bus,” Yan says. “We call it the trolley bus.”

SANTA CLARITA VALLEY BUSINESS JOURNAL

No bus rolls off the BYD lot without passing a final inspection. There are roll and brake tests. A system validation of all electronics – including the battery pack, air conditioning, lights, speakers, even the horn. There’s a high-pressure water test to ensure there’s not a leak. “Recycled water,” Yan emphasizes. “We’re not going to waste water in the desert.” The finalization process also includes a full walkaround to check for any potential paint issues or other deficiencies. Each bus, by this point, has been touched by dozens of BYD employees. Some are welders. Some are painters. Some are electricians. All of them are part of a growing workforce. “I walk past the training room every week and see 15 people in there – every week,” Yan says. To show its commitment to creating a workforce as capable as its buses, BYD – the Chinese company’s name stands for Build Your Dreams – took an unprecedented step earlier this year by negotiating the first-ever collective bargaining agreement between an electric bus manufacturer and a U.S. labor union, a three-year deal with SMART Local 105 that will stretch into January 2021. All BYD employees will receive wage increases during each year of the CBA and be eligible for health, dental, vision and 401k benefits as part of the agreement. Pay currently begins at $16.50 per hour on the floor in Lancaster and ranges to $24. The agreement, which Neshati calls a “turning point in American clean-technology manufacturing,” is expected to play a key role in the company’s efforts to build a sustainable, skilled labor force. “The quality of the end product is improving on a daily basis,” Neshati says. “We started out here three years ago with largely an untrained workforce. We were trying to build buses and train people at the same time. I think we did a really good job of that.” He adds, “We’ve had our stumbles and falls, and we’ve

■ Macy Neshati of BYD and Len Engel of the Antelope Valley Transit Authority stand in front of a battery-electric bus. Courtesy of AVTA.

APRIL 2018

CHARGED CONT. admitted to them, stood up and dusted ourselves off and made the product right for the customer and then moved on and tried to learn from it. That’s all we can do.” As challenging as constructing a finely-tuned workforce may just be remembering every job they’re doing at one time. Inside an office that overlooks the manufacturing facility, where employees are busily shuffling across the floor or moving parts and supplies with BYD-built battery-electric forklifts, Neshati tests his own knowledge. “What’s out there right now?” he asks. “Off the top of my head, you’ve got some Antelope Valley buses going through. You have UC Irvine buses going through. Santa Barbara Metropolitan Transit District. UCSF (University of California, San Francisco). CARTA, which is Nashville. Or, no, that’s Chattanooga, Tennessee.” He pauses, then asks himself another question, “Tri-Delta’s already on the line?” “Stanford?” another voice in the room says. “Stanford. We’ve got 15 buses for Stanford being built,” Neshati confirms, then adds. “There’s two Atlanta airport buses. The black ones.” No wonder Meier needs that color-coded piece of paper every day. -he Antelope Valley Transit Authority doesn’t have any hard evidence to support the idea that riders prefer electric buses to diesel buses. But … “In the beginning, we were hearing that passengers were actually waiting for the electric bus. Waiting a half an hour so they could ride the electric bus,” says Len Engel, the executive director and chief executive officer who

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is spearheading AVTA’s historic attempt to assemble the nation’s first fully electric bus fleet. On the first day of September last year, AVTA became the first transit organization in the world to utilize a 60-foot all-electric articulated bus for revenue service. They’ve since added another 10 60-footers from BYD, plus three 40-foot models to shuttle passengers around Lancaster, Palmdale and the surrounding area. The AVTA’s Transporter, which provides weekday service into the Santa Clarita Valley, with pick-up and drop-off at the Newhall MetroLink Station, College of the Canyons, Henry Mayo Newhall Hospital and the McBean Regional Transit Center, is expected to be operating with electric buses by June 2019. “We have 20 (more) 40-foot buses in the cue now. We have 16 45-foot commuter coaches that they have purchase orders for,” Engel says. “We expect to hear from the state of California (this month) for a (CalSTA) grant that will complete our target. Then it’s a matter of, can BYD push them out the door fast enough?” While AVTA is motivated to run a cleaner fleet to both reduce air pollutants and minimize reliance on petroleum-based fuels, Engel says there’s

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APRIL 2018

another compelling reason for operating with electric buses. “We’re saving money,” he says. In addition to realizing profits up to $1 million annually through the state’s Low-Carbon Fuel Standard – AVTA’s reimbursement is expected to be higher than its 4-cents-per-kilowatt rate from Lancaster Choice Energy, according to company projections – the transit authority is already realizing preventative maintenance savings of about $1 a mile on older buses, some of which have logged upwards of 800,000 miles, says Engel. There’s more. “We’re doubling the mileage on tires,” Engel says, noting, specifically, the benefits of BYD’s in-wheel traction motors that have dramatically reduced scuffing on rear tires. The electric buses will allow AVTA to broaden its local service, too – particularly to the health care sector which, traditionally, hasn’t been willing to allow gassy, noisy diesel buses near its medical facilities. The agency is already “pulling up to the back door” at Kaiser Permanente’s new medical offices on Avenue L, says Engel, plus AVTA is hopeful of forging a partnership with Antelope Valley Hospital. “We’re starting to talk to them about actually running our buses and our bus routes right through their campus to serve the people that are go-

ing to their medical appointments, coming back from the emergency room, etc.,” says Norm Hickling, AVTA’s chief operating officer. “And, again, it’s all predicated on the new technology with the battery-electric, zero-emission buses.” Also, AVTA has proposed a $1.18 million transit hub adjacent to South Valley Health Center in Palmdale that would feature two inductive charging pads and “enhance and provide additional mobility options for underserved individuals residing in those regions,” according to the agency’s Feb. 28 presentation to the Antelope Valley Healthcare District. To further improve local connectivity, AVTA is exploring the possibilities of direct service between the two campuses of Antelope Valley College and considering new service models that could include micro transit options in low-density areas. While AVTA officials bask in greater opportunities to serve their community, Neshati is grateful for BYD’s commitment to a better tomorrow. “That’s what attracted me back out of retirement, the opportunity to do something really positive and constructive for the planet for a change,” he says. “I’m 63. My generation is largely responsible for polluting this place and getting it to where it is today. If I (have) a chance to make a difference, even in the equivalent of a grain of sand, that would make a difference in my heart.” In Lancaster, where aerospace and defense has long been the industrial giant, BYD is building a cleaner bus. And training a skilled workforce. And forging relationships to better connect communities. There is, then, only one problem left to solve. “There’s no parking,” Meier, the plant manager, says. 

SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018

BUSINESS JOURNAL CELEBRATES SCV’S WOMEN PROFESSIONALS BY SCVBJ

he Santa Clarita Valley Business Journal handed out 25 awards in February to the who’s-who of local women business leaders. At its first Women in Business Awards, the SCVBJ recognized the difference-making contributions of Dr. Dianne Van Hook, Holly Schroeder, Mitzi Like and Cheri Fleming, to name just a few, during a celebration of the SCV’s woman power sponsored by LBW Insurance. The honors were spread across nine categories – highlighted by a Lifetime Achievement Award for Van Hook, the longstanding chancellor at College of the Canyons who has guided the school’s rise to one of California’s most prominent two-year institutions of higher learning. “The thing, I think, that makes Santa Clarita different is the caliber of people we have here,” Van Hook told the crowd of about 125 guests at Valencia Country Club. “They’re compassionate, they use common sense, they’re committed, and they inspire me at every turn. I don’t know all of you, but I’ve worked with probably about 80 percent of you. You’ve helped College of the Canyons get where it is today. I’m very, very proud that I’ve been able to be at College of the Canyons, that I was able to do what my friends told me I couldn’t do, which was have a good idea and then do it, and I’m inspired that I’ve been able to hire all but three of the full-time 768 people at College of the Canyons.” She later added, “I hope you realize what a great community you have created. I hope you realize that if you work together and if you help others even when you don’t necessarily agree and if you don’t give up and if you dream big, that this community will continue to be the very best in the state of California.”

CEOs of the Year – Schroeder, president and CEO of the Santa Clarita Valley Economic Development Corp.; Nancy Gump, the third-generation CEO of Andy Gump Temporary Site Services; and Tamara Gurney, president and CEO of Mission Valley Bank. Community Involvement – Ingrid Blanco, owner of D’wilfri DanceArt and Entertainment; Pam Ingram, a Realtor for RE/MAX of Santa Clarita; and Rhona Jukes, a mortgage advisor for American Family Funding. Entrepreneur Awards – Tania Mulry, owner of Digital Detox and creator of the Steamwork Center; Denise Redmond, founder of Carousel Ranch; and Lindsay Schlick, co-owner, CEO and studio manager of SchlickArt. Mentor Awards – Fleming, co-owner of Valencia Acura; Sue Reynolds Buckley, career development director for the William S. Hart Union High School District; and Kathy Norris, president and CEO of the Valley Industry Association. Non-Profit Leaders – Amy Daniels, executive director of the William S. Hart WiSH Foundation; Tami Edwards, a Realtor with HomeSmart; and Marlee Lauffer, president of the Henry Mayo Newhall Hospital Foundation. Rising Stars – Kyanna Isaacson, a manager for Jersey Mike’s; Maggie-Mae Laufman, marketing director at Applied Resource Insurance Solutions; and Melanie Meyer, a wealth advisor for Thrivent Financial.

THE OTHER 24 AWARD RECIPIENTS, BY CATEGORY:

Small Business Awards – Kim Kurowski, owner of A-1 Party; Dr. Patrice Rifkind, owner of Audiology Associates; and Teresa Todd, president and CEO of Point of View Communications.

Business Owners of the Year – Like, CEO of LBW Insurance and Financial Services; Jeanna Crawford, publisher of Inside SCV Magazine; and Laina McFerren, co-owner of Wolf Creek Brewing Company.

The SCVBJ has two more scheduled events this year, a Technology Awards program in May and a December program to recognize the valley’s top businesses. 

College of the Canyons Congratulates

Dr. Dianne G. Van Hook Women In Business Lifetime Achievement Award

Every day we are inspired by your tenacity, your unwavering commitment and your incredible vision for the future of College of the Canyons

canyons.edu

APRIL 2018

SANTA CLARITA VALLEY BUSINESS JOURNAL

■ Business Owners of the Year: From left, Laina McFerren, Mitzi Like and Jeanna Crawford. Nikolas Samuels/SCVBJ

■ Small Business Awards: From left, Teresa Todd, Kim Kurowski and Dr. Patrice Rifkind. Nikolas Samuels/SCVBJ

■ Rising Stars: From left, Melanie Meyer, Maggie-Mae Laufman and Kyanna Isaacson. Nikolas Samuels/SCVBJ

■ Mentor Awards: From left, Kathy Norris, Cheri Fleming and Sue Reynolds Buckley. Nikolas Samuels/SCVBJ

2018 Women In Business Awards Business Owner of the Year President / CEO Mitzi Like

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SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018

REAL ESTATE SECTION - Residential Housing Stats - Santa Clarita Valley

SCV Median Home Value SCV Median Condo Value SCV Home Sales

Feb '18

Jan '18

Source: Santa Clarita Valley Economic Development Corporation

Feb '17

$600,000 $550,000 $553,000 $380,000 $390,500 $386,000 127 203 132

Feb '18

SCV Condo Sales 59 SCV Avg. # of Days on Market (SF) 97 SCV Single Family Home Inventory 386

Jan'18

Feb '17

55 100 271

29 103 393

February Sales Acton 02/2018 02/2017 New Listings. . . . . . . . . . . . . . . . . . . . . 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Total Active Listings. . . . . . . . . . . . . . . 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 New Escrows Closed . . . . . . . . . . . . . . . 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Median Sale Price. . . . . . . . . . . $599,000 . . . . . . . . . . . . . . . . . . . . . . . . $439,000

Newhall 02/2018 02/2017 New Listings. . . . . . . . . . . . . . . . . . . . . 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Total Active Listings. . . . . . . . . . . . . . . 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 New Escrows Closed . . . . . . . . . . . . . . . 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Median Sale Price. . . . . . . . . . . $555,000 . . . . . . . . . . . . . . . . . . . . . . . . $330,000

Agua Dulce New Listings. . . . . . . . . . . . . . . . . . . . . . 8 Total Active Listings. . . . . . . . . . . . . . . 16 New Escrows Closed . . . . . . . . . . . . . . .1 Median Sale Price. . . . . . . . . . . $590,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 . . . . . . . . . . . . . . . . . . . . . . . . . $485,000

Saugus New Listings. . . . . . . . . . . . . . . . . . . . . 55 Total Active Listings. . . . . . . . . . . . . . . 65 New Escrows Closed . . . . . . . . . . . . . .27 Median Sale Price. . . . . . . . . . . $590,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 . . . . . . . . . . . . . . . . . . . . . . . . $525,000

Canyon Country New Listings. . . . . . . . . . . . . . . . . . . . . 52 Total Active Listings. . . . . . . . . . . . . . . 75 New Escrows Closed . . . . . . . . . . . . . . 34 Median Sale Price. . . . . . . . . . . $509,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 . . . . . . . . . . . . . . . . . . . . . . $451,000

Stevenson Ranch New Listings. . . . . . . . . . . . . . . . . . . . . 13 Total Active Listings. . . . . . . . . . . . . . . 14 New Escrows Closed . . . . . . . . . . . . . . . 7 Median Sale Price. . . . . . . . . . . $720,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 . . . . . . . . . . . . . . . . . . . . . . . . $475,000

Castaic New Listings. . . . . . . . . . . . . . . . . . . . . 27 Total Active Listings. . . . . . . . . . . . . . . 35 New Escrows Closed . . . . . . . . . . . . . . 10 Median Sale Price. . . . . . . . . . . $544,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 . . . . . . . . . . . . . . . . . . . . . . . . . $509,000

Valencia New Listings. . . . . . . . . . . . . . . . . . . . . 41 Total Active Listings. . . . . . . . . . . . . . . 49 New Escrows Closed . . . . . . . . . . . . . . 30 Median Sale Price. . . . . . . . . . . $655,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 . . . . . . . . . . . . . . . . . . . . . . . . $500,000

REAL ESTATE SECTION – Commercial, Industrial, Retail & Land Retail Buildings 28207- 28313 Newhall Ranch Rd.

Sq. Ft. 1,275 - 11,090

Sale/Lease Lease

Price

Retail Buildings cont. 26583 Golden Valley Road

Gateway Village

25373 Wayne Mills Place

2,434

Lease

$2.95 SF/MO/NNN

1,600

Lease

1,100

Lease

2,162

Lease

$3.00 SF/MO/NNN

Copperhill Ranch Plaza

22941 Soledad Canyon Road 23001 Soledad Canyon Road 23005 Soledad Canyon Road

2,163 1,200 1,200

Lease Lease Lease

$1.75 SF/MO/NNN $1.95 SF/MO/NNN $1.95 SF/MO/NNN

Del Rio Center

27544 Newhall Ranch Road

1,450

Lease

$2.50 SF/MO/NNN

Plaza Del Rancho

NWC Bouquet Canyon/Madrid Road 1,200 - 20,000

Lease

Negotiable

Plum Canyon Center

27916 - 27984 Seco Canyon Road

1,219 - 1,700

Lease

$2.00 - $2.25 SF/MO/NNN

Seco Plaza

Lost Canyon & Sand Canyon

1,200 - 40,000

Lease

Negotiable

Vista Canyon

31810 - 31970 Castaic Road

1,000 - 45,000

Lease

Negotiable

Castaic Village Center

SEC Lyons Avenue & Main Street

1,100 - 10,000

Lease

$2.75 -$3.00 SF/MO/NNN

Newhall Crossings

John Cserkuti (NAI Capital) 661-705-3551 23154 Valencia Boulevard 10,300 Lease 1,200, 2,800

Lease

$1.25 SF/MO/NNN $2.50 - $3.50 SF/MO/NNN

Granary Square

21515 Soledad Canyon Road

4,895

Lease

$1.25 - $1.65 SF/MO/NNN

922, 1,022, 1,239

Lease

$2.00 SF/MO/NNN

Centre Pointe Marketplace

23323 - 23453 Lyons Avenue

2,575, 2,280

Lease

$1.50 - $3.25 SF/MO/NNN

Old Orchard Shopping Center

28130 - 28166 Newhall Ranch Road 1,090, 1,825, 2,022, 1,825 Lease

$2.75 SF/MO/NNN

Lease

$2.00 - $2.50 SF/MO/NNN

Patti Kutschko (Daum Commercial) 661-670-2003 45310 23rd Street 7,700 Sale $2,500,000/$325 SF Paul Bellgraph (NAI Capital) 661-705-3555, Sarkis Ghazaryan (NAI Capital) 661-705-3561 $1.72 SF/MO/NNN 23542 - 23546 Lyons Avenue 731 - 1,409 Lease 23452 - 23560 Lyons Avenue 450 - 4,000 Lease $1.10 SF/MO/NNN Matt Sreden (NAI Capital) 818-742-1660, Cameron Gray (NAI Capital) 661-705-3569

$2.00 SF/MO/NNN 27510 The Old Road 11,057 Lease Yair Haimoff (NAI Capital) 818-203-5429, Randy Cude (NAI Capital) 661-705-3553, Steve Body (NAI Capital) 818-852-9255 24357 Main Street 1,550 Lease $2.00 SF/MO/MG 24254 Main Street 500 – 6,000 Lease $1.65 SF/MO/MG 22520 Lyons Ave; Laemmle Theatre Project 1,000 - 2,200 Lease $2.25 - $3.00 SF/MO/MNN Old Town Newhall Properties

19931 Sierra Highway 19935 Sierra Highway

1,479 2,074

Lease Lease

$2.00 SF/MO/NNN $2.00 SF/MO/NNN

La Cocina Golden Plaza

26867 - 69 Sierra Highway 26869 Sierra Highway 26975 Sierra Highway 24003 Newhall Ranch Road

2,265 1,095 1,350

Lease Lease Lease

$2.35 SF/MO/NNN $2.35 SF/MO/NNN $2.35 SF/MO/NNN

$2.75 SF/MO/NNN

3,053

Lease

$3.35 SF/MO/NNN

Bridgeport Village

25860 Hemingway Avenue 25836 Hemingway Avenue 25840 Hemingway Avenue

2,330 1,110 1,110

Lease Lease Lease

$2.25 SF/MO/NNN $2.25 SF/MO/NNN $2.25 SF/MO/NNN

Stevenson Ranch Plaza

23740 Lyons Avenue

Golden Oak Plaza

26477-26557 Golden Valley Road

Lease

Riverview Plaza

Valencia Mart

25830-25848 McBean Parkway

Price

Canyon Square

$4.00 SF/MO/NNN

The Promenade @ Town Center

25170 Rye Canyon Road

1,005

18507 - 18597 Soledad Canyon Road 7,703, 1,292, 975 $2.50 SF/MO/NNN

Seco Canyon Village

27015 McBean Parkway

Sale/Lease

CenterPointe Marketplace

The Shops @ Tourney

27923 – 27959 Seco Canyon Rd.

Sq. Ft.

Highridge Crossing

$1.95 - $2.75 SF/MO/NNN

2,000 - 8,500

Lease

$2.00 - $2.50 SF/MO/NNN

Lyons Plaza

31675 Castaic Road 31725 Castaic Road 31731 Castaic Road 31735 Castaic Road

1,422 (former food) Lease $1.50 SF/MO/NNN 1,063 Lease $1.50 SF/MO/NNN 1,743 Lease (street end cap) $1.50 SF/MO/NNN 1,077 Lease $1.50 SF/MO/NNN

APRIL 2018

SANTA CLARITA VALLEY BUSINESS JOURNAL

REAL ESTATE SECTION – Commercial, Industrial, Retail & Land (cont.) Retail Buildings cont. 31749 Castaic Road 31759 Castaic Road

Sq. Ft. Sale/Lease Price 1,216 Lease $1.50 SF/MO/NNN 1,450 (end cap) Lease $1.50 SF/MO/NNN

Retail Buildings cont. 27544 Newhall Ranch Road

Castaic Vines

29502 Hasley Canyon Road

1,688

Lease

1,200

Lease

SEC Lyons Avenue & Main Street

$1.50 SF/MO/NNN $2.00 - $2.50 SF/MO/NNN

Tim Crissman (RE/Max Crissman Commercial Services) 661-295-9300 27737 Bouquet Canyon Road Suite # 115 1,041 Lease Negotiable Suite # 118 1,747 Lease Negotiable Suite # 126 850 Lease Negotiable Suite # 132 2,191 Lease Negotiable $283.00 SF; $2.1M - Ex - Land 24048 Newhall Avenue 7,200 Lease Yair Haimoff (NAI Commercial) 818-203-5429 27630 The Old Road 1,700 – 7,000 Lease Negotiable $2.20 -$3.50 SF/MO/NNN 24300 – 24305 Town Center Drive 997 – 8,565 Lease Cody Chiarella (CBRE) 818-502-6730, Doug Marlow (CBRE) 818-502-6707, David Solomon (CBRE) 818-907-4628 24510 Town Center Drive $3.50 SF/MO/NNN Suite # 102 VTC I 1,006 Lease Suite # 110 VTC III 997 Lease $3.50 SF/MO/NNN Suite # 170 VTC III 2,472 Lease $3.00 SF/MO/NNN Suite # 190 VTC III 1,706 Lease $3.00 SF/MO/NNN Valencia Town Center $3.00 SF/MO/NNN $3.00 SF/MO/NNN

Valencia Town Center

Cody Chiarella (CBRE) 818-502-6730, Richard Ramirez (CBRE) 818-907-4639 24048 Newhall Avenue 7,200 Sale 27516 The Old Road 2,000 - 6,500 Lease 20655 Soledad Canyon Road Suite # 5 700 Lease Suite # 17 1,360 Lease Suite # 43 1,445 Lease Suite # 24 3,032 Lease Suite # 25 1,833 Lease Suite # 42 990 Lease

$283 SF;$2.0M Negotiable $1.80 SF/MO/NNN

$1.49 SF/MO/NNN $1.95 SF/MO/NNN $1.65 SF/MO/NNN $1.65 SF/MO/NNN $1.95 SF/MO/NNN

Soledad Plaza

Yair Haimoff (NAI Capital) 818-203-5429 $1.70 SF/MO/NNN 27737 Bouquet Canyon Road 1,084 - 2,191 Lease Andrew Ghassemi (NAI Capital) 661-705-3039, Randy Cude (NAI Capital) 661-705-3553, Yair Haimoff (NAI Capital) 818-203-5429 $1.75 SF/MO/NNN 18926 - 18932 Soledad Canyon Road 1,200 - 5,600 Lease Knoll Shopping Center

24250 Lyons Avenue

1,050 - 1200

Lease

$2.50 SF/MO/MG

The Moss Center

26111 Bouquet Canyon Road

998 - 2,000

Lease

$2.25 SF/MO/NNN

Santa Clarita Place

26811 Bouquet Canyon Road

1,000 - 3,500

Lease

$1.75 - $2.25 SF/MO/NNN

Santa Clarita Plaza

18560 Via Princessa 27984 Seco Canyon Road

700 1,700

Lease Lease

$3,000/MO/NNN $2.00 SF/MO/NNN

Seco Canyon

19981 Soledad Canyon Road

940

Lease

$1.44 SF/MO/MG

Soledad Village

18740 Soledad Canyon Road

1,205 - 3,000

Lease

$2.25 SF/MO/NNN

Soledad Entertainment Center

22921 Soledad Canyon Road

2,000

Lease

$1.85 SF/MO/NNN

Del Rio Center

27737 Bouquet Canyon Road 22600 Lyons Avenue 27984 Seco Canyon Road 31675 Castaic Road

582 - 2,191 Lease 22,600 Lease/Sale 1,050 - 1,700 Lease 1,000 - 4,900 Lease

$1.70 SF/MO/NNN $2.75 SF/MO/NNN; $3.0M

$2.00 SF/MO/NNN $2.00 SF/MO/NNN

Seco Canyon Plaza

SWC The Old Road/Live Oak Road 26910 Sierra Highway Suite # D-2 (Food) 18715 Via Princessa

1,200 - 2,000 1,050 1,400 (End Cap) 1,300 (End Cap)

Lease Lease Lease Lease

$2.50 SF/MO/NNN $2.50 SF/MO/NNN $3.00 SF/MO/NNN $3.00 SF/MO/NNN

Santa Clarita Marketplace

31675 Castaic Road SWC The Old Road/Live Oak Road

1,000 - 4,900 1,500 - 2,000

Lease Lease

$2.00 SF/MO/NNN $2.00 SF/MO/NNN

Castaic Creek Plaza

28207 Newhall Ranch Road

11,000

Lease

Price

1,450

Lease

$2.50 SF/MO/NNN

1,000 - 10,000

Lease

$2.75 - $3.00 SF/MO/NNN

Newhall Crossings

Parkway Plaza Castaic

Cody Chiarella (CBRE) 818-502-6730 Suite # 140 766 Lease Suite # 160 2,011 Lease

Sale/Lease

Plaza Del Rancho

Hasley Market Place

31294 The Old Road

Sq. Ft.

Gateway Village

$2.50 SF/MO/NNN

Randy Cude (NAI Capital) 661-705-3553 31703 Castaic Road 3,582 Sale $418 SF; $1.5M Ron Berndt (Daum Commercial) 661/670-2000, Patti Kutschko (Daum Commercial) 661670-2003 23300 Cinema Drive 150 - 1,300 Lease $1.75 SF/MO/NNN Cinema Park

Reena Newhall 661-253-3344

Office/Commercial Buildings Sq. Ft. Sale/Lease Price 28159 Avenue Stanford Suite # 130 4,771 Lease $1.85 SF/MO/MG Rexford Valencia Industrial Park+A300

Richard Ramirez (CBRE) 818- 907-4639, Craig Peters (CBRE) 818- 907-4616

25044 Peachland Avenue 805- 832 Lease $1.85 SF/MO/NNN 23556 - 23560 Lyons Avenue 280 - 1,320 Lease $1.65 SF/MO/NNN Matt Sreden (NAI Capital) 818-742-1660, Cameron Gray (NAI Capital) 661-705-3569 25322 Rye Canyon Road 25,200 Foe Sale 26320 Diamond Place, Suite # 170 2,332 Lease 26320 Diamond Place, Suite # 200 5,562 Lease 26330 Diamond Place, Suite # 180 2,153 Lease 24932 Kearny 3280 - 11,935 Lease 27821 Fremont Court; Suite # 6 3,045 Sale Yair Haimoff (NAI Capital) 818-203-5429 24270 Walnut Street Unit # 103 1,000 Lease Unit # 201 4,000 Lease Unit # 202 1,000 Lease Unit # 203 1,000 Lease

$258 SF; $6.5M $1.15 SF/MO/NNN

Negotiable

$1.15 SF/MO/NNN - WH Negotiable - Lease Flex

$215 SF; $655,000

$2.00 SF/MO/MG $2.00 SF/MO/MG $2.00 SF/MO/MG $2.00 SF/MO/MG

Old Town Newhall Office

24961 The Old Road 31294 The Old Road

1,049 1,200 - 2,500

Lease Lease

$2.25 SF/MO/NNN $1.15 SF/MO/NNN

Parkway Plaza Castaic

25129 The Old Road Suite #204 856 Lease

$2.50 SF/MO/FSG

Sunset Pointe Plaza

28524 Constellation 2,410 Sale $289 SF; $695,000 27891 Smyth Drive 1,115 Lease $2.00 SF/MO/NNN Tim Crissman (ReMax/Crissman Commercial Services) 661-295-9300 27200 Tourney Road Suite # 201 1,758 Lease Suite # 204 2,374 Lease Suite # 230 11,668 Lease Suite # 230/235 13,442 Lease Suite # 235 1,774 Lease Suite # 242 2,453 Lease Suite # 340 1,175 Lease Suite # 360 4,826 Lease Suite # 410 5,081 Lease

$2.65 SF/MO/FSG $2.65 SF/MO/FSG $2.30 SF/MO/FSG $2.30 SF/MO/FSG $2.45 SF/MO/FSG $2.45 SF/MO/FSG $2.25 SF/MO/FSG $2.65 SF/MO/FSG $2.65 SF/MO/FSG

Tourney Pointe

23822 Valencia Blvd. Suite # 200/201 4,043 Lease Suite # 200 2,772 Lease Suite # 201 1,271 Lease Suite # 203 1,197 Lease Suite # 208 2,404 Lease Suite # 306 2,925 Lease

$2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG

Valencia Oaks

23929 Valencia Boulevard Suite # 305 566 Lease Suite # 404 1,140 Lease Suite # 415 1,750 Lease

$2.35 SF/MO/FSG $2.35 SF/MO/FSG $2.35 SF/MO/FSG

Bank of America Tower

Kevin Fenenbock (Colliers Int.) 661-253-5204 27202, 27220 & 27240 Turnberry Suite # 100 29,839 Lease Suite # 110 2,856 Lease Suite # 110/120 5,911 Lease Suite # 120 3,055 Lease Suite # 200 29,959 Lease Suite # 210 2,593 Lease

$2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG

SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018

REAL ESTATE SECTION – Commercial, Industrial, Retail & Land (cont.) Office/Commercial Buildings cont.

Sq. Ft.

Suite # 220/240 Suite # 220 Suite # 220 Suite # 240 Suite # 250

6,332 3,130 1,866 3,202 5,596

Sale/Lease Lease Lease Lease Lease Lease

Office/Commercial Buildings cont. Suite # 130 (can combine all 3 suites) Suite # 135 (can combine all 3 suites)

Price $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG

VTC IV

Summit at Valencia

Executive Center Valencia

$2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG $2.25 SF/MO/FSG

Valencia Park Executive Center

Valencia Corporate Plaza

Craig Peters (CBRE) 818-907-4616, Richard Ramirez (CBRE) 818-907-4639 28528 Industry Drive 15,790 Sale $325 SF 21080 Centre Pointe Parkway 7,240 Sale $325 SF Craig Peters (CBRE) 818- 907-4616, Richard Ramirez (CBRE) 818-907-4639 27413 Tourney Road, Suite 100 2,375 Lease 27441 Tourney Road, Suite 100 4,486 Lease Richard Ramirez (CBRE) 907-4639 23502- 23504 Lyons Avenue 692 - 5,710 Lease

$1.15 SF/MO/FSG

23734 Valencia Boulevard 1,523 - 1,860 Lease Cameron Gray (NAI Capital) 661-705-3569 28245 Avenue Crocker Suite #106 1,966 Lease

$1.25 SF/MO/FSG

Office/ Medical Buildings Sq. Ft. Sale/Lease 25775 McBean Parkway 1,201 - 6,682 Lease 25880 Tournament Road 1,043 – 4,559 Lease Cody Chiarella (CBRE) 818-502-6730 25050 Peachland Avenue 800 - 4,000 Lease

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 26650 The Old Road Suite # 105 3,060 Lease $2.80 SF/MO/FSG Suite # 200 2,399 Lease $2.65 SF/MO/FSG Suite # 350 1,900 Lease $2.65 SF/MO/FSG

David Solomon (CRRE) 818-907-4628, Douglas Marlow (CBRE) 818-502-6707 25350 Magic Mountain Parkway Suite # 109 4,002 Lease $2.85 RSF/MO/FSG Suite # 350 2,503 Lease $2.85 RSF/MO/FSG 25360 Magic Mountain Parkway; Suite # 280 1,967 Lease $2.85 RSF/MO/FSG Gateway Plaza

David Solomon (CBRE) 818-907-4628, Matthew Heyn (CBRE) 818-907-4619 24200 Magic Mountain Parkway Suite # 120 (can combine all 3 suites) 4,169 Lease

$2.95 SF/MO/FSG

$1.75 SF/MO/FSG

Santa Clarita Markerplace

26910 Sierra Highway; Suite # D-8 1,050 Lease Randy Cude (NAI Capital) 661-705-3553 25128 Avenue Tibbitts 2,833 Lease Randy Cude (NAI Capital) 661-705-3553

$1.80 SF/MO/NNN

The Commons at Valencia Gateway

$1.95 SF/MO/FSG + J

James Ebanks (Realty Advisory Group Inc.) 661-702-8880 x 12, Lauren Ebanks (Realty Advisory Group Inc.) 661-702-8882 x 18 25050 Avenue Kearny 890 - 2,926 Lease $1.85 SF/MO/FSG Rebel Professional 27825 Fremont Court; Suite # 13 2,804 Lease $1.07 SF/MO/NNN 27821 Fremont Court; Suite # 6 3,045 Sale $215 SF; $654,675

Southern California Innovation Park

Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616 25152 Springfield Court Suite # 120 3,233 Lease $2.75 RSF/MO/FSG Suite # 140 3,460 Lease $2.75 RSF/MO/FSG Suite # 155 5,842 Lease $2.75 RSF/MO/FSG Suite # 200 2,504 Lease $2.75 RSF/MO/FSG Suite # 210 1,187 Lease $2.75 RSF/MO/FSG Suite # 240 3,750 Lease $2.75 RSF/MO/FSG Suite # 250 5,549 Lease $2.75 RSF/MO/FSG Suite # 255 2,414 Lease $2.75 RSF/MO/FSG Suite # 295 3,034 Lease $2.75 RSF/MO/FSG Suite # 320 2,223 Lease $2.75 RSF/MO/FSG Suite # 340 3,180 Lease $2.75 RSF/MO/FSG 25124 Springfield Court Suite # 170 5,984 Lease $2.75 RSF/MO/FSG

$1.55 SF/MO/FSG + J

Valencia Business Center

Valencia Town Center

Westridge Executive Plaza

$2.65 SF/MO/FSG $2.65 SF/MO/FSG

Lyons Plaza

Paragon Business Center

Cody Chiarella (CBRE) 818-502-6730 25102 Rye Canyon Loop; Suite # 110 7,687 Lease

$1.75 SF/MO/FSG $1.75 SF/MO/FSG $1.75 SF/MO/FSG $1.75 SF/MO/FSG $1.75 SF/MO/FSG $1.75 SF/MO/FSG $1.75 SF/MO/FSG

Richard Ramirez (CBRE) 818-907-4639, Robert Valenziano (CBRE) 818-907-4663 28480 Avenue Stanford 50,351 Lease/Sale $2.85 SF/MO/FSG; $315 SF 28470 - 28490 Avenue Stanford 1,230 - 10,840 Lease $2.75 SF/MO/FSG

$1.90 SF/MO/FSG $1.90 SF/MO/FSG $1.90 SF/MO/FSG $1.90 SF/MO/FSG

28001 Smyth Drive 890 Lease $2.25 SF/MO/NNN 28001 Smyth Drive 7,764 Sale $270 SF; $2.0M 24908 Avenue Kearny 37,294 Lease $0.65 SF/MO/NNN John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207 24501 Town Center Drive Suite # 103 2,810 Lease $2.35 SF/MO/NNN Craig Peters (CBRE) 818-907-4616, Sam Glendon (CBRE) 818-502-6745, Cody Chiarella (CBRE) 818-502-6730 Suite # 120 4,169 Lease $2.35 SF/MO/NNN Suite # 130 1,446 Lease $2.35 SF/MO/NNN Suite # 135 2,472 Lease $2.35 SF/MO/NNN

Sale/Lease Price Lease $2.95 SF/MO/FSG Lease $2.95 SF/MO/FSG

David Solomon (CBRE) 818-907-4628 25115 Avenue Stanford Suite # A 202 2,219 Lease Suite # A 320 1,107 Lease Suite # A 340 3,029 Lease Suite # B 130 2,186 Lease Suite # B 135 1,701 Lease Suite's # B 130 + B135 3,887 Lease Suite # B 230 2,279 Lease

Kevin Fenenbock (Colliers Int.) 661-253-5204, John Erickson (Colliers Int.) 661- 253-5202 25600 Rye Canyon Road Suite # 210 1,250 Lease $1.50 SF/MO/MG 24801 Pico Canyon Road Suite # 201 1,346 Lease Suite # 203 1,417 Lease Suite # 102 1,439 Lease Suite # 103 1,593 Lease Suite # 301 2,741 Lease Suite # 210/203 2,763 Lease Suite # 102/103 3,032 Lease Suite # 300 3,811 Lease Kevin Fenenbock (Colliers Int.) 661-253-5204 25060 Avenue Stanford Suite # 260 2,973 Lease Suite # 100 22,186 (divisible) Lease Suite # 160 2,405 Lease Suite # 275 1,968 Lease 25061 Avenue Stanford Suite # 40 1,916 Lease 25031 Avenue Stanford Suite # 140 2,625 Lease

Sq. Ft. 1,446 1,753

$2.50 - $3.00 SF/MO/NNN

$2.25 SF/MO/MG

Price $2.76 SF/MO/NNN

Negotiable

$1.95 SF/MO/NNN

Plaza Posada Medical Center

Matt Sreden (NAI Capital) 661-755-6654, Cameron Gray (NAI Capital) 661-705- 3569 23838 Valencia Boulevard Suite # 120 904 Lease Suite # 140 3,988 Lease Suite # 200 4,143 Lease Suite # 230 1,920 Lease Suite # 270 2,506 Lease

$2.50 SF/MO/NNN $2.50 SF/MO/NNN $2.50 SF/MO/NNN $2.50 SF/MO/NNN $2.50 SF/MO/NNN

The Atrium

27201 Tourney Road 1,220 - 3,920 Lease $2.35 SF/MO/FSG 23226 - 23248 Lyons Avenue 500 - 1,779 Lease $1.65 - $2.00 SF/MO/FSG Yair Haimoff (NAI Capital) 818-203-5429, Andrew Ghassemi (NAI Capital) 661-705-3039, Matt Sreden (NAI Capital) 661-755-6654 27891 Smyth Drive Suite # 200 1,150 Lease $2.00 SF/MO/FSG Tim Crissman (RE/Max Crissman Commercial Services) 661-295-9300

Land (Commercial, Industrial & Retail) Acres Sale SWC Golden Valley Rd./Centre Pt. Pkwy. 1.5 Sale Nigel Stout (JLL) 818-531-9685 23600 Sierra Highway 10 Sale 23658 Sierra Highway 6 Sale Sierra Highway 30,000 SF Sale SEC Castaic Road/Parker 21,195 SF Sale/Lease 49637 Gorman Post Road 1 Lease 3251-014-016 Peace Valley Road/Gorman 2 Sale/Lease 3251-014-019 Peace Valley Road/Gorman 1 Sale/Lease 28100 Bouquet Canyon Road 43,560 Sale

Price $35.20 SF/$2.3M $14.35 SF/$6.25M

$23.70 SF/$6.2M $20.00 SF/$600,000 $56 SF;$1.2M/$8,500 MO

$2,500 MO $19 SF;$1.7M/$10,000 MO $46 SF;$2.0M/$8,333 MO

APRIL 2018

SANTA CLARITA VALLEY BUSINESS JOURNAL

REAL ESTATE SECTION â&#x20AC;&#x201C; Commercial, Industrial, Retail & Land (cont.) Land (Commercial, Industrial & Retail) cont. Acres Sale Randy Cude (NAI Capital) 661-705-3553 Soledad Canyon Road/Camp Plenty 22 Sale NEC Bouquet Canyon Road & Plum Canyon Road 1.86 NWC Bouquet Canyon/Madrid Road 3.71 Sale John Z. Cserkuti (NAI Capital) 661-705-3551 17129 Sierra Highway 3 Sale 15112 Sierra Highway 149 Sale 24605 Railroad Avenue 10,890 Sale/Lease Yair Haimoff (NAI Capital) 818-742-1659 SWC Soledad Canyon Rd/Golden Valley Rd 1.19 Sale Valley Business Center 1.9 Sale Valley Business Center 2.29 Sale Valley Business Center 2.67 Sale Valley Business Center 3.86 Sale Valley Business Center 4.96 Sale Valley Business Center 6.15 Sale

Price $2.60 SF;$2.5M Sale $25 SF;$2.0M

$30 SF;$4.85M $16 SF;$2.1M $.60 SF;$3.9M Negotiable

$29 SF;$1.5M $29 SF;$2.4M $27 SF;$2.7M $27 SF;$3.14M $26 SF;$4.37M $27 SF;$5.83M $26 SF;$6.96M Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661-670-2000 20000 Soledad Canyon Road 22 Sale $2.60 SF;$2.5M Randy Cude (NAI Capital) 661-705-3553, John Cserkuti (NAI Capital) 661-705-3551 Sierra Highway/Crown Valley Road 60,984 Sale $8 SF; $500,000 Pamela Verner (SCV Commercial Real Estate Services) 661-714-5271 16016 Sierra Highway

Valencia Atrium

Matt Sreden (NAI Capital) 818-742-1660, Andrew Ghassemi (NAI Capital) 661-705-3039, Yair Haimoff (NAI Capital) 818-203-5429 26074 Avenue Hall Unit # 12 3,082 Lease $1.00 SF/MO/MG 24908 Avenue Kearny 37,294 Sublease $0.65 SF/MO/NNN 28757 Industry Drive 15,756 Sale/Lease $220 SF/$3.6M;

$0.79 SF/MO/NNN

25570 Rye Canyon Road Unit G 2,500 Lease $1.10 SF/MO/IG Unit A 2,175 Lease $1.10 SF/MO/IG Unit C 2,000 Lease $1.10 SF/MO/IG 25574 Rye Canyon Road 1,600 Lease $1.10 SF/MO/IG John Erickson (Colliers Int.) 661-253-5202, Chris Erickson (Colliers Int.) 661-253-5207

25159 Avenue Stanford SF;$9.2M

79,701

Sale

$115.00

Lease

$0.60 SF/MO/NNN

Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 26378 Ruether Avenue 2,994 Lease 26350 Ruether Avenue 1,756 Lease Bernards Centre Point Park 26007 Huntington Lane Suite # 6 1,992 Lease

$1.15 SF/MO/MG $1.15 SF/MO/MG 1.15 SF/MO/MG

Huntington Plaza

Tim Crissman (ReMax/Crissman Commercial Services) 661-295-9300

Ground Lease $0.17 SF/MO/NNN Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661-670-2000

28368 Constellation; Unit #340 3,770 Sale $260 SF;$980,200 Yair Haimoff (NAI Capital) 818-203-5429, Matt Sreden (NAI Capital) 818-742-1660, Andrew Ghassemi (NAI Capital) 661-705-3039 28494 Westinghouse Place Unit # 101 760 Lease $2.25 SF/MO/MG Unit # 105 1,720 Lease $2.25 SF/MO/MG Unit # 112 1,720 Lease $2.25 SF/MO/MG Unit # 209 1,290 Lease $2.25 SF/MO/MG Unit # 306 2,208 Lease $2.25 SF/MO/MG Unit # 308 1,290 Lease $2.25 SF/MO/MG Unit # 311 2,270 Lease $2.25 SF/MO/MG

18,465

Southern California Innovation Park

$1.15 SF/MO/NNN 28320 Constallation Road 2,889 Lease 25163 Avenue Stanford 4,200 Sublease $.99 SF/MO/MG Matt Sreden (NAI Capital) 818-742-1660 $0.68 SF/MO/NNN 24700 Avenue Rockefeller 45,269 Lease Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607

28541 Witherspoon Parkway 5.510 Sale $39 SF James Ebanks (Realty Advisory Group Inc.) 661-702-8880 x 12, Lauren Ebanks (Realty Advisory Group Inc.) 661-702-8882 x 18

$0.72 SF/MO/NNN 28220 Industry Drive 93,519 Lease 28575 Livingston Avenue 40,000 Sale $185 SF $0.58 SFMO/NNN 28210 N. Avenue Stanford 109,379 Lease Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607

25161 Rye Canyon Loop

74,932

Industrial Buildings Sq. Ft. Sale/Lease Price 26245 Technology Drive 60,068 Lease $0.69 SF/MO/NNN Doug Sonderegger (CBRE) 818-907-4607 28901 - 28903 Avenue Paine 60,068 Lease TBD Craig Peters (CBRE) 818-907-4616 27615 Avenue Hopkins 52,663 Lease $0.67 SF/MO/NNN Matt Dierckman (CBRE) 818-502-6752 28910 Avenue Penn; Unit 201 3,940 Lease $1.12 SF/MO/IG 26027 Huntington Lane; Unit F 4,119 Lease $0.90 SF/MO/MG Sam Glendon (CBRE) 818- 502-6745 28110 Avenue Stanford 5,720 Lease $0.90 SF/MO/NNN Richard Ramirez (CBRE) 818-907-6745 28305 Livingston Avenue 167,990/63,440 (div) Lease $0.67 SF/MO/NNN Nigel Stout (JLL) 818-631-2068 26450 Ruether Avenue; Suite # 102 2,975 Lease $1.15 SF/MO/NNN 26330 Diamond Place, Suite # 170 2,153 Lease $1.15 SF/MO/NNN Unit #180 2,332 Lease $1.15 SF/MO/NNN Unit # 200 5,562 Lease $1.55 SF/MO/NNN Yair Haimoff (NAI Capital) 818-203-5429 28486 Westinghouse Place, Suite # 100 B 2,600 Lease $0.99 SF/MO/MG Yair Haimoff (NAI Capital) 818-203-5429, Andrew Ghassemi (NAI Capital) 661-705-3039

Industrial Buildings cont. Sq. Ft. Sale/Lease Price Todd Lorber (NAI Capital) 818-933-2376 $0.80 SF/MO/NNN 27772 Avenue Scott 22,565 Lease 27821 Fremont Court; Suite # 6 3,045 Sale $2.15 SF; $654,675 28310 Kelly Johnson Parkway 48,559 Sale TBD 28141 Kelly Johnson Parkway 24,500 Sale TBD Yair Haimoff (NAI Capital) 818-203-5429, Randy Cude (NAI Capital) 661-705-3553

$0.65 SF/MO/NNN 28545 Livingston Avenue 173,000 Lease 28454 Livingston Avenue 134,287 Sub-Lease $0.65 SF/MO/NNN Chris Jackson (NAI Capital) 818-933-2368,Todd Lorber (NAI Capital) 818-933- 2376

27811 Avenue Hopkins Suite # 1 3,152 Lease 27833 Avenue Hopkins Suite #4 2,940 Lease 26818 Oak Street Suite J 2,940 Lease 29069 Avenue Penn 8,050 Lease/Sublease 29077 Avenue Penn 8,050 Lease/Sublease 29089 Avenue Penn 9,278 Lease 27811 Avenue Hopkins Suite # 6 3,152 Lease 27825 Avenue Hopkins Suite #4 3,145 Lease 27833 Avenue Hopkins Suite # 6 2,804 Lease

$0.97 SF/MO/Gross $0.97 SF/MO/Gross $1.00 SF/MO/Gross

TBD TBD TBD

$0.97 SF/MO/IG $0.97 SF/MO/IG $0.97 SF/MO/IG

Kevin Tamura (Daum Commercial) 661-670 -2001, Ron Berndt (Daum Commercial) 661-670-2000

27121 Furnvall Avenue 11,318 Lease $1.42 SF/MO/MG Randy Cude (NAI Capital) 661-705-3553 27831 Smyth Drive 10,484 Sale $209 SF; $2.2M Pamela Verner (SCV Commercial Real Estate Services) 661-714-5271

$0.76 SF/MO/NNN 28411 Witherspoon Parkway 31,995 Lease James Ebanks (Realty Advisory Group Inc.) 661-702-8880 x 12, Lauren Ebanks (Realty Advisory Group Inc.) 661-702-8882 x 18

Major Industrial Projects Sq. Ft. Lease Sale/Occupancy Price VCC; West of I-5/N of Highway 126 $0.69 SF, $0.67 SF/MO/NNN Gateway V 88,752, 105,407 Lease VCC; West of I-5/N of Highway 126 IAC Commerce Center (Phase 1) 116,740, 187,880 Lease TBD Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607, Richard Ramirez (CBRE) 818-907-4639 Future Industrial Projects Sq. Ft. Lease Sale/Occupancy Price SWQ of Newhall Avenue/Sierra Highway Phase 1; The Center at Needham 16,000 - 223,530 Sale /Lease TBD Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607, Richard Ramirez (CBRE) 818-907-4639 Future Office Projects Sq. Ft. Sale/Lease Price 27335 Tourney Road 45,675 Lease $2.85 SF/MO/FSG Richard Ramirez (CBRE) 818-907-4639, Craig Peters (CBRE) 818-907-4616, Doug Sonderegger (CBRE) 818-907-4607 NOTE: Parties interested in further information should contact the listing broker(s) or James E. Brown, Manager Business Attraction, SCVEDC at 661-288-4413 or via email at Jimbrown@scvedc.org. The Real Estate Section of the SCVBJ is the most comprehensive database of Commercial, Industrial, Retail and Land Listings in the SCV.

26 FOUR QUESTIONS

APRIL 2018

ALBERT GIACOMAZZI & TONY TRAVERSO AMG & Associates Looking for an authority on the construction industry? Look no further than Albert Giacomazzi and Tony Traverso, the leaders of a Santa Clarita-based company that has grown its revenues sixfold over its first 12 years. www.amgassociatesinc.com | 661-251-7401 | albert@amgassociatesinc.com; tony@amgassociatesinc.com What has powered AMG & Associates’ rise to success? AG: It is not Albert Giacomazzi and it is not Tony Traverso. It is the AMG team. We have very loyal, dedicated employees that work for us. They go the extra mile. Without them, our company would not exist. We really value all of our employees. They are absolutely paramount to our success. AMG & Associates has now earned placement on Inc. Magazine’s list of the country’s 5,000 fastest-growing companies for the past six years. What does that mean to you? AG: When I received the letter from Inc. Magazine indicating to me that, ‘Hey, only 4 percent have ever reached this milestone,’ I thought that was quite notable. That’s a very significant achievement for our company. We’re really, really proud of that. It’s going to be a seventime, too, because our projections for 2018 indicate that we’re … going to be there. TT: The Inc. awards, what’s important to note is that some of those (were earned) during the recession. We learned through that recession to be lean and to be very productive. A lot of that had to do with technology and our use of technology in construction. Our systems and procedures needed to be on the cutting edge. That has continued. … We’re competitive (now) because we’re doing more with less, and part of that is the implementation of some of these technologies that we’re using that I don’t think many of our competitors do. Your company’s fingerprints are across California – and beyond – but where can people of the Santa Clarita Valley see your handiwork? TT: Locally, Fire Station 156, off of Copper Hill, and Fire Station 150 in Golden Valley. Those are probably the two most notable local projects. But we’ve done work for, there’s four school districts in this town, we’ve done work for all of them. What’s the greatest compliment you’ve received as a company? AG: Many of our projects, because of the size and magnitude and complexity, require us to get evaluations from our former customers. Cathy Kawaguchi is the superintendent for Sulphur Springs School District. She wrote me an email (after the completion of a recent project) and just said, ‘I really appreciate AMG, felt that you’ve always been straightforward and honest with me, and I would be glad to do another project with you.’ If you can get compliments like that. … To get those evaluations that come back that are positive and glowing, that makes you feel good.  Steve Kiggins SCVBJ Editor skiggins@signalscv.com

■ Photo by Joshua Fleck/SCVBJ

Valley Industry Association

VIA IN ACTION: WOMEN IN BUSINESS

COBALT REALTY GROUP Tracy Hauser 23929 Valencia Blvd., Suite 311 Valencia, CA 91355 9662) 755-1960 tracy@tracyteam.com

There’s a great energy running through the membership roster of the Valley Industry Association. Recently, the Santa Clarita Valley Business Journal announced its inaugural Women In Business Awards recognizing achievements in the Santa Clarita Valley business community. VIA is proud that 20 of the 25 honorees (80%) are members and affiliated with member organizations. Congratulations to all VIA honorees. • Since 1995: Dr. Dianne G. Van Hook, College of the Canyons; Kathy Norris, Valley Industry Association • Since 2002: Marlee Lauffer, Henry Mayo Newhall Hospital Foundation • Since 2003: Sue Reynolds Buckley, William S. Hart Union High School District; Tamara Gurney, Mission Valley Bank • Since 2004: Mitzi Like, LBW Insurance & Financial Services • Since 2005: Teresa Todd, Point of View Communications • Since 2011: Jeanna Crawford, Inside SCV Magazine • Since 2012: Kyanna Isaacson, Jersey Mike’s Subs; Rhona Jukes, American Family Funding; Holly Schroeder, SCV Economic Development Corporation • Since 2013: Amy Daniels, WiSH Education Foundation; Laina McFerren, Wolf Creek Brewery • Since 2016: Pam Ingram, Pam Ingram & Co/ReMax of Santa Clarita; Kim Kurowski, A-1 Party • Since 2017: Ingrid Blanco, D’Wilfri DanceArt; Melanie Meyer, Thrivent Financial; Denise Redmond, Carousel Ranch; Lindsay Schlick, SchlickArt • Since 2018: Tania Mulry, Steamwork Center

CORPORATE STRATEGIES Debbie Caracciolo 21021 Ventura Blvd., #200 Woodland Hills, CA 91364 (818) 377-7260 debbiec@corpstrat.com

VIA Welcomes: New Members

THE EXHIBIT PROS, INC. Jed Bradshaw 38715 Industry Drive Valencia, CA 91355 (661) 247-6020 jed@exhibit-pro.com H & S INSURANCE SERVICES, INC. Elise Siglar 30421 Mallorca Place Castaic, CA 91384 (818) 929-6009 esiglar@unitedagencies.com INTERTEX COMPANIES Joe Lopez 28338 Constellation Road #900 Valencia, CA 91355 661 702 2222 jlopez@intertexcompanies.com

THE AEON GROUP Alan Lewis 25011 Magic Mountain Parkway, #122 Valencia, CA 91355 (877) 204-1311 alewis@aeonfund.com

CHASE COMMERCIAL BANKING David Scott 9200 Oakdale Avenue, Floor 1 Chatsworth, CA 91311 (818) 775-7252 David.a.scott@chase.com

IWC BALLROOM DANCE YOUTH FOUNDATION Ingrid Blanco/Chris Donald 28368 Constellation Road, #304B Valencia, CA 91355 (661) 481-9550 info@theiwcbdyf.org

BOOKKEEPING SCV Wendy Conte 27500 Bouquet Canyon Road, #210 Saugus, CA 91350 (661) 309-4052 wendy@bookkeepingscv.com

CHRISTOPHER AND DANA REEVE FOUNDATION Heather Linde 636 Morris Turnpike, Suite 3A Short Hills, NJ 07078 (800) 225 0292 hlinde@christopherreeve.org

LIBERTY BUILDING MAINTENANCE & SERVICES, INC. Marcia Fryslie 26376 Ruether Avenue Santa Clarita, CA 91350 (661) 250-2000 marcia@libertybm.com

CLARUS LANGUAGE SOLUTIONS Mike Devlin 27923 Smyth Drive Valencia, CA 91355 (661) 310-3338 mdevlin@clar.us

MARTINI, IOSUE & AKPOVI, LLP Jim Roberts 27201 Tourney Road, Suite 201C Valencia, CA 91355 (661) 678-0797 jroberts@miacpas.com

CBC CLEANING AND RESTORATION Karen Gardner 25042 Anza Drive Valencia, CA 91355 (661) 294-2221 karen@cbcfirst.com

VIA Luncheon Planning Calendar 2018 SPEAKER SERIES Luncheons begin at 11:45 a.m. at the Valencia Country Club, 27330 North Tourney Road in Valencia unless otherwise noted. Business professionals interested in attending should plan to reserve their seat well in advance. Reservations and payment can be made at www.VIA.org/Calendar or by contacting the VIA office at (661) 294-8088.

Tuesday, April 17, 2018 Emergency Incident Response Awareness Presented by Los Angeles County

Tuesday, May 15, 2018 TBD

THE MASTER’S UNIVERSITY Bill Bolde 21726 Placerita Canyon Road Santa Clarita, CA 91321 (800) 568-6248 bbolde@masters.edu www.masters.edu NORTH AMERICAN TITLE Julia Markovich 520 N. Central Avenue, 2nd Floor Glendale, CA 91203 (661) 388-1799 jmarkovich@nat.com PRESTIGE SELF DEFENSE Bonnie Formia 22955 Red Pine Way Valencia, CA 91390 (661) 295-2005 bonnie@bonnieformia.com ROCS, INC. Shanley Curran 27240 Turnberry Lane, Suite 200 Valencia, CA 91355 818 266 1219 scurran@rocs-hci.com SCHLICKART – PHOTOGRAPHY AND VIDEO Brian & Lindsay Schlick 25011 Magic Mountain Parkway., #120 Valencia, CA 91355 (661) 313-3907 lindsay@schlickart.com SEND OUT CARDS Mary Antonucci 26331 No. Oakspur Drive, #B Newhall, CA 91321 (661) 7148949 antonuccimfow@msn.com STEAMWORK CENTER Tania Mulry 28368 Constellation Road, Suite 360 Santa Clarita, CA 91355 (661) 505-8597 hello@steamworkcenter.com

SANTA CLARITA VALLEY BUSINESS JOURNAL

APRIL 2018

BUSINESSES BEWARE?

CALIFORNIA ECONOMIC FORECAST DIRECTOR WARNS SCVEDC CROWD THAT AUTONOMOUS VEHICLES WILL 'CHANGE EVERYTHING'

eginning this month, California will allow autonomous vehicles – without safety drivers – to test on all public SCVBJ Editor roadways. The state’s first driverless bus rolled onto the streets inside a nearly 600-acre business park near San Ramon last month. “The future of driverless vehicles is here in California,” Dr. Mark Schniepp told the crowd of about 400 business professionals gathered at the SCVEDC’s annual Economic Outlook on March 8. It’s a technological advance that Schniepp boldly predicted would “change everything” – from the way we travel to the way we build our homes to the way we spend our money. How we make our money will undoubtedly change, too, Schniepp warned, posing a potentially significant disruption to the United States’ recent economic roll, threatening the infrastructure of many long-established businesses and resulting in the loss of millions in revenue for state and city governments. And here we thought the scariest element of autonomous vehicles would be the fact that a human wasn’t in the driver’s seat. “The implications of autonomous vehicles are huge,” said Schniepp, director of the California Economic Forecast. “We’re now very close to the tipping point. Closer than you think.” In detailing a timeline that he projected would eliminate human drivers by 2035 and eradicate all accidents and personal vehicle ownership by 2050, Schniepp listed insurance professionals, lawyers, doctors and nurses, maintenance technicians and car salesmen as especially vulnerable to the changing economic tide that will be created by AVs. He also hinted at a dramatic landscape change that would, eventually, wipe away the need for parking lots and structures – “The seas of parking around shopping centers, around airports, around stadiums. Gone. We won’t need it,” he said – and used examples of newer parking facilities in Los Angeles and Cupertino that were built to be converted to office space or housing “when AVs take over.” With AVs set to operate as part of “a network of (subscription-based) car companies,” and not for personal ownership, Schniepp questioned the long-term health of auto dealerships and city and state governments. “No dealers in the cities, because the fleet owners will buy their cars direct from the manufacturers. So, eliminate all the car dealers,” he said. “That means all the sales taxes for the cities will be in jeopardy. That’s the biggest tax revenue item for cities. Car licensing and registration, toll roads, toll lanes can be largely eliminated.” As an example, Schniepp told the crowd that some 41 million people are ticketed for traffic infractions every year, with the average speeding ticket being $250. “Do the math,” he said. “It’s $10.3 billion that goes to the states and municipalities. Erased!” He continued, “Court fees and fines. No more DUIs. No more driver education classes. No more sobriety checkpoints. A lot

BY STEVE KIGGINS

fewer judges. A lot fewer lawyers.” While some attendees cheered that prospect, John Shaffery, managing partner of Poole & Shaffery, one of the region’s most prominent law firms, could be seen offering a thumbs-down response from his table near the front of the room. Schniepp’s grim prognosis for the future of auto dealerships drew a similar response from Chris Paz, general manager of Mercedes Benz of Valencia. “Autonomous vehicles do not signal an end to dealerships; they signal the next step in the evolution of the automotive industry,” Paz wrote in an email to the SCVBJ. “Mercedes Benz, in particular, is a pioneer in autonomous technology and due to their existing franchise body they already have an established distribution network in place.” He added, “Dr. Schniepp’s theory that the roads will exist of nothing but fully autonomous vehicles by 2035 is a mathematic impossibility. It takes 15 years for a manufacturer to completely turn over a fleet. This would mean that by 2020 factories would only be producing autonomous vehicles in order to eliminate all driver-controlled cars from the roads by 2035, and we know this is not a current reality.” Auto dealers and law firms weren’t Schniepp’s only targets. “What about hospitals?” he said. “Forty-thousand people are killed and 4.6 million are injured in U.S. auto accidents (every year). That largely can be eliminated. What will hospitals do?” On the future of insurance, Schniepp said, “With human error eliminated, there will be hardly any accidents. No citations. Insurance premiums should drop like a rock and those savings will be passed on to the subscription (service).” Of maintenance and preventative services that provide oil changes, tire repair and car washes, Schniepp declared, “Eliminated. Gone.” While he painted a dark picture for some businesses, Schniepp offered a brighter outlook for commuters. “Autonomous vehicles don’t make wrong turns. There be a lot fewer accidents. They don’t get fatigued. They don’t rubberneck,” Schniepp said. He added, “Computers are safer than humans. They don’t get tired. They don’t need caffeine (to stay awake). They don’t get distracted by cell phones. They don’t get distracted. They don’t daydream. They don’t feel anxiety. They don’t get emotional. They just go.” AVs, however, aren’t infallible. A self-driving Uber struck and killed a pedestrian on March 17 near Phoenix – less than 10 days after Schniepp presented at the SCVEDC’s marquee annual event. Immediately, Uber halted driverless testing efforts, and Toyota did the same a few days later. The California Department of Motor Vehicles was set to begin issuing three different AV permits – for testing with a safety driver, driverless testing and deployment – on April 2. “This is a major step forward for autonomous technology in California,” DMV Director Jean Shiomoto said.

DRIVERLESS CARS APRIL 2018

DRIVERLESS BUS

SANTA CLARITA VALLEY BUSINESS JOURNAL

SAFETY SYSTEMS From lane control to cross-car communication to radar and wheel sensors, automated vehicles will be equipped with a variety of systems that experts believe will be capable of saving lives and reducing injuries. The National Highway Traffic Safety Administration reported 37,461 deaths from motor vehicle crashes in 2016, with a whopping 94 percent of serious crashes caused by human error.

The first driverless bus approved for use on California’s public roads debuted March 7 in Bishop Ranch, a 585-acre office park near San Ramon. Commuter service is scheduled to begin April 27.

THE FUTURE OF AUTONOMOUS VEHICLES Vehicles can already see and react to oncoming traffic, gauge accurate speed, sense light and dark and parallel park on their own – among other things. What’s next is the final step of automation: A vehicle that doesn’t need a driver, freeing passengers to simply sit back and enjoy the ride.

HOW AUTONOMOUS VEHICLES WORK Uses cameras and sensors for lane detection and tracking and to prevent lane departure.

Provides high-resolution mapping to generate precise 3D images of the vehicle’s environment.

Analyzes all sensor-provided data to manipulate steering, acceleration and braking.

Provides real-time optics to enable the self-driving vehicle to find lane lines and monitor other vehicles.

Sets the starting and ending points of the drive by evaluating roadway options and other data.

Captures measurements such as distance and velocity that can’t be determined by a camera to provide full understanding of the vehicle’s environment.

Supplies speed information to other onboard systems for purposes of navigation and safety.

2022

The year NVIDIA projects fully autonomous vehicles to be on the road.

The number of cities worldwide, including Los Angeles, that are testing or considering AV testing.

The number of levels of automation – ranging from 0 (none) to 3 (conditional) to 6 (full) – according to Society of Automotive Engineers.

The percentage of vehicles that will be autonomous by 2040, according to Institute of Electrical and Electronics Engineers.

2030

The year Uber predicts to have a fully driverless fleet.

30 SIGNAL DIGITAL SOLUTIONS

APRIL 2018

KRIS KEHL

Loan Professional, Augusta Financial When Kris Kehl was a 20-something college student, Augusta Financial prepared his first home loan. Then hired him as the company’s limousine driver. Then hired him as a loan officer, his role for the past 14 years in Santa Clarita. www.AugustaFinancial.com | 661-260-2970, ext.2292 | Kris@AugustaFinancial.com What attributes have helped Augusta Financial build its reputation as one of the Santa Clarita Valley’s top lenders? We are a local lender that has a vested interest in the community. We believe in helping people find the right financial instrument to help them along the way with their real estate investment. A loan is a tool for building long-term wealth and security through real estate. We look at each client’s long-term goals and pair that with a plan that works for them. What’s the best piece of advice you’ve been given during your career and how have you used it to benefit your clients? For this question, I feel that the best answer is not what is the best advice that I’ve been given but instead what advice have I not taken. I’ve been given tons of advice over the years at how to better ‘close the deal’ and most of this advice was purely for the benefit of the salesperson. Obviously, I’m in sales but I’ve always said I feel more like a helper than a salesperson. I want to help my clients, I don’t want to sell my clients. My clients have a need, and I want to help them fulfill their need with what is best for them and not sell them on what is best for me. I feel this has greatly helped my clients make the best decision for their financial needs and, in return, I have gained their trust and their continued business and referrals. What’s your forecast for the foreseeable future of mortgage lending in the Santa Clarita Valley? More people are going to keep moving to the Santa Clarita Valley as it is a great place to raise a family with good schools and a safe environment. Prices will continue to rise in the foreseeable future and we think that rates will rise slowly, too. The economy is strong here in the valley and we expect job growth and, hopefully, more businesses to enter the valley which is all good stuff for real estate! How has Signal Digital Solutions proven valuable to Augusta Financial, and why would you recommend it to other business professionals? When marketing yourself to an audience, it is important to be exposed to as many people in the community as possible. Local businesses need to be front and center to the people that live in that community.  Steve Kiggins SCVBJ Editor skiggins@signalscv.com

■ Photo by Joshua Fleck/SCVBJ

APRIL 2018

SCV Chamber of Commerce

SANTA CLARITA VALLEY BUSINESS JOURNAL

State of the County set for May 3 Join Los Angeles County Fifth District Supervisor Kathryn Barger at the 10th annual State of the County luncheon as she discusses topics pertinent to our business community and Santa Clarita Valley. From economic development to public safety and homelessness, engage in conversation with the Supervisor about the vision for the SCV. Sponsorships now available!

Zaremberg speaks at first Current Affairs Forum Thank you to our elected officials and local business leaders for joining and making the chamber’s inaugural Current Affairs Forum a success! We were joined by the California Chamber of Commerce’s President & CEO Allan Zaremberg as he discussed 2018 legislation and advocacy priorities for the California Chamber of Commerce.

Welcome, Karen Moreno Scott Karen Moreno Scott is our new director of operations and events. Prior to joining the Santa Clarita Valley Chamber of Commerce, Karen served as director of operations and member services at the Building Industry Association of Southern California. In her spare time, Karen has served as volunteer for organizations such as LAPD Baseball Team Foundation, MEND (Meet Each Need with Dignity), and she takes part in the annual Walk MS to raise awareness for multiple sclerosis. Karen earned her Bachelor of Arts, cum laude, from Mount St. Mary’s University.

Save the Date! The SCV Chamber’s annual Patriots Luncheon, a salute to our local veterans for their leadership in our business community and dedicated service to America, will be Thursday, July 5, at TPC Valencia.

THE ANDY GUMP FAMILY AND TEAM WOULD LIKE TO SAY THANK YOU TO DIANNE VAN HOOK AND CONGRATULATIONS ON HER LIFETIME ACHIEVEMENT AWARD FOR ALL SHE HAS DONE FOR COC. NANCY WOULD ALSO LIKE TO CONGRATULATE THE CEO AWARD WINNERS AND ALL WOMEN IN BUSINESS AWARD HONOREES. SMALL BUSINESS AWARDS Kim Kurowski, Patrice Rifkind, Teresa Todd ENTREPRENEUR AWARDS Tania Mulry, Denise Redmond, Lindsay Schlick RISING STARS Maggie-Mae Laufman, Kyanna Isaacson, Melanie Meyer

BUSINESS OWNERS OF THE YEAR Jeanna Crawford, Mitzi Like, Laina McFerren MENTOR AWARDS Sue Reynolds Buckley, Cheri Fleming, Kathy Norris

COMMUNITY INVOLVEMENT Ingrid Blanco, Pam Ingram, Rhona Jukes NON-PROFIT LEADERS Amy Daniels, Tami Edwards, Marlee Lauffer CEOs OF THE YEAR Nancy Gump, Tamara Gurney, Holly Schroeder